{"id":14603,"date":"2025-08-13T13:33:23","date_gmt":"2025-08-13T12:33:23","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=14603"},"modified":"2025-08-13T13:33:24","modified_gmt":"2025-08-13T12:33:24","slug":"exploring-the-spike-in-cryptocurrency-market-today-whats-behind-the-surge","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/exploring-the-spike-in-cryptocurrency-market-today-whats-behind-the-surge\/","title":{"rendered":"Exploring the Spike in Cryptocurrency Market Today : What’s Behind the Surge ?"},"content":{"rendered":"\n

US Inflation : Crypto Market Rebounds Upward<\/h2>\n\n\n\n

The crypto market<\/a> as a whole has experienced explosive growth<\/strong> in recent hours, with a $109 billion increase<\/strong> in just 24 hours<\/strong>. This surge<\/strong> follows the release of a better-than-expected Consumer Price Index (CPI) in the United States<\/strong>, providing a fresh boost for investors<\/strong>.<\/p>\n\n\n\n

Indeed, the US CPI<\/strong> increased by 2.7% year-over-year<\/strong>, a smaller rise than the 2.8% analysts expected<\/strong>. This positive surprise<\/strong> has strengthened confidence<\/strong> among market participants, triggering a wave of buying<\/strong> and a marked improvement in overall sentiment. The total<\/strong> crypto market capitalization now stands at over $4.01 trillion<\/strong>, a key level<\/strong> to breach in order to confirm the bullish trend<\/strong>.<\/p>\n\n\n\n

\"Total
Source: TradingView<\/figcaption><\/figure>\n\n\n\n

Bitcoin Seeking a Breakthrough<\/h2>\n\n\n\n

Despite favorable conditions, Bitcoin<\/a> (BTC)<\/strong> remains stuck around the $120,000 resistance<\/strong>. Although the price has advanced, it has not yet crossed this psychological threshold<\/strong>. Its next target<\/strong> is $122,000<\/strong>, supported by its correlation with US stock markets.<\/p>\n\n\n\n

If overall sentiment<\/strong> remains robust<\/strong> and investors continue to flow in, BTC<\/a> could break through this barrier<\/strong>. However, profit-taking<\/strong> remains a risk, and a drop below the support at $117,261<\/strong> could weaken the bullish trend in the short term<\/strong>.<\/p>\n\n\n\n

\"Bitcoin
Source: TradingView<\/figcaption><\/figure>\n\n\n\n

FARTCOIN Shines in the Crypto Market<\/h2>\n\n\n\n

While Bitcoin struggles, FARTCOIN<\/a><\/strong> has emerged as the best-performing altcoin<\/strong>, with a 23% increase<\/strong> over the day. Currently at $1.08<\/strong>, it is testing the key resistance at $1.09<\/strong>.<\/p>\n\n\n\n

If it transforms this level into support, the path will be clear to reach $1.15<\/strong>, despite a potential obstacle represented by the 50-day exponential moving average<\/strong>.<\/p>\n\n\n\n

Overall, the crypto market is showing great resilience<\/strong>, capitalizing on US inflation figures to bounce back. This positive momentum<\/strong> suggests promising opportunities<\/strong> for savvy investors.<\/p>\n\n\n\n

\"FARTCOIN
Source: TradingView<\/figcaption><\/figure>\n\n\n\n
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Earn $10 on Bitget when you buy your crypto now !<\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n