Bitcoin’s Volume Lower Than Tether After 34% Plunge

Bitcoin, the pioneer cryptocurrency, has experienced bullish momentum over the past 48 hours. However, despite the positive trend, BTC has struggled to breach the significant $30,000 mark. Meanwhile, the release of the US Consumer Price (CP) data, which jumped to 3.2% in July, a lesser than expected 3.3%, led to a momentarily positive touch of $29,674, which retraced to $29,400 within a two-hour span. Presently, the Bitcoin Price is trading at $29,368, displaying a slight decline of 0.42% in 24 hours. It fluctuated between a low of $29,336 and a high of $29,688.56. Bitcoin fell below Tether (USDT) on the volume chart, according to CoinMarketCap.

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