Bitcoin Holds $77K As Ethereum Cools Off After Wild CPI Week

Bitcoin experienced a turbulent stretch of trading this week as investors reacted to new economic data. After failing to reclaim the $80,000 level earlier in the week, the asset faced significant selling pressure that pushed it down toward $77,000. When the August CPI figures were released on Friday, Bitcoin briefly plunged to $76,000 before quickly surging to nearly $80,000, only to settle back near its current price of $77,000.

Ethereum enjoyed a stronger showing during the volatility by climbing to an eight month high of $2,670. Although it has since retraced to the $2,500 range, it still holds a 3% gain for the day. Other major altcoins followed a similar pattern, with BNB holding steady above $730 and privacy coins like ZEC and XMR seeing notable gains.

Traders are now shifting their attention toward the Federal Reserve. Since the latest inflation numbers aligned with analyst expectations, the market is waiting to see how these results influence future policy decisions. For now, Bitcoin maintains a market dominance of 58.7% while the total crypto market capitalization sits at $2.64 trillion.

Keep an eye on how these assets perform over the weekend as the market digests the recent economic updates. While price swings remain common, the ability of Bitcoin to maintain the $77,000 support level suggests that buyers are still active despite the broader uncertainty.