Bitcoin broke to highs of $64,700 on Wednesday, the cryptocurrency’s highest level in over a week. The gains came after the US CPI data release that showed consumer prices rose 0.3% in April, lower than the estimated 0.4%.
Elsewhere, GameStop amd AMC stocks fell after rocketing for the past two days. Interest in Bitbot surged as the presale draws towards a close.
Bitcoin price reclaims $64k after CPI data report
The U.S Bureau of Labor Statistics’ CPI report revealed a year-over-year increase in consumer prices of 3.4%, indicating a slight decrease from the 3.5% YoY increase reported in March.
As stocks rose in reaction, Bitcoin pumped more than 4% to reach highs of $64,736 on Coinbase. Data from CoinGecko showed BTC hit prices above $64,495 across major cryptocurrency exchanges.
The gains catalyzed a positive move for top altcoins, including Ethereum which bounced back above $3,000.
Meanwhile, Render, Fetch.ai and NEAR rose sharply as news from the AI sector hit the market. There were also slight gains for recent top gainers such as Toncoin and Avalanche.
Solana rose after Robinhood added support for SOL staking for its users in Europe.
GameStop, AMC stocks slide- Is it over?
US stocks rose amid the CPI report readings on Wednesday, led by the Dow Jones Industrial Average (DJIA)’s +200 points gain in early trading. However, shares of video game retailer GameStop and movie theater chain AMC fell sharply.
At the time of writing, GME stock was down 30% and AMC -26% as the meme frenzy that drove prices higher dwindled.
GME and AMC stocks’ declines come after explosive increases on Monday and Tuesday, which sees the two companies’ shares still up 115% and 70% respectively over the week.
The return of Roaring Kitty on X coincided with the parabolic gains, igniting bullish calls for meme coins.
Bitbot hits $3.4 million as presale nears end
The crypto trading market continues to offer opportunities to traders and investors, and one of the biggest trends as the sector grows is the growing integration of AI.
Bitbot is the new project that looks to bring the benefits of this integration to crypto traders. But there’s more that has the community excited – Bitbot’s imminent release of the world’s first non-custodial trading bot on Telegram.
While AI gives this bot an edge over competition, providing for actionable insights for traders, it’s the non-custodial feature that stands out. With a wallet management system that keeps private keys under a user’s control, users will have access to not just institutional-grade trading tools, but do so while in complete command and control of their wallets and assets.
It’s these advantages that are driving interest in Bitbot, whose native token BITBOT also offers access to a unique revenue-sharing model.
What’s Bitbot’s presale price?
Currently, Bitbot has raised over $3.4 million from early bird investors. Only a few tokens remain before the project enters its penultimate presale stage. This will see token price increase from $0.018 in stage 13 to $0.0189 in stage 14.
The final stage will have BITBOT priced at $0.020.
Are you interested in learning more about Bitbot? Visit the official website.
