Crypto Market Update - April 11, 2025
The crypto market is experiencing a downturn, with Bitcoin's price dropping to $63,500 and Ethereum's price falling to $3,150. The market capitalization of the crypto market has decreased by 2% in the last 24 hours.
Recent Developments
- The US Consumer Price Index (CPI) increased by 0.4% in March, exceeding expectations.
- Initial jobless claims rose to 225,000, higher than forecasted.
- The Federal Reserve's stance on inflation and interest rates is being closely watched by investors.
Market Analysis
- The crypto market is highly volatile, with prices fluctuating rapidly.
- Investors are advised to exercise caution and conduct thorough research before making investment decisions.
Top Gainers and Losers
- *Top Gainers*: Solana (SOL), Cardano (ADA), and Ripple (XRP) have seen significant gains in the last 24 hours.
- *Top Losers*: Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) have experienced notable losses in the past day.
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