ZEC Skyrockets by 13% in 24 Hours, BTC Price Reclaims $83K: Market Watch

Bitcoin’s price reacted well to the recent macro pressure and rebounded from the $81,000 range to over $83,000 as of now, charting a weekly high. The larger-cap alts have followed suit with notable recovery sessions today, including ETH’s 3.4% rise to over $2,450 and XRP’s strong rebound to $1.35. BTC Back Above $83K Bitcoin’s troubles intensified precisely a week ago when the US CPI numbers came out and showed inflation was still persistent and slightly higher than expected. A day later, the PPI reading confirmed this, and BTC nosedived once again. In total, the asset fell from over $84,000 to a monthly low of just under $80,000 all within 24 hours or so. The bulls finally intervened at this point and didn’t allow another leg down.

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