Crypto Strengthens Slowly; Volatility on Alert Ahead of CPI
The crypto market moved steadily, trending higher on Thursday after a volatile start to the week. Bitcoin fluctuated between US$108,000 and US$111,000, rebounding from Wednesday's decline but remaining below its early-month peak. The calmer pace came as investors awaited Friday's US CPI release and monitored the direction of Treasury yields and the dollar—two variables that have recently weighed on risk assets.
Among altcoins, Ether held around US$3,800 and gained slightly; intraday data indicated limited improvement. Solana led the daily rally among major coins, supported by an increase in new addresses and improving technical signals; the CoinDesk 20 update also placed SOL as a supporter of the index. Microstructurally, the derivatives market was relatively calm, with funding rates near zero and BTC/ETH open interest stable—signaling a more balanced position ahead of the inflation data.
Going forward, sentiment will be determined by the CPI: a higher reading risks strengthening the dollar/yields and pressuring crypto, while a weaker surprise could trigger a relief rally. Large wallet activity is also under scrutiny after a "Satoshi-era" wallet became active again and moved approximately US$16 million in BTC, sparking market speculation—a reminder that on-chain headlines can increase short-term volatility. With the macro landscape fragile, risk management remains crucial at the current price range.
Source: Newsmaker.id
