The much-anticipated Consumer Price Index (CPI) data released on Friday triggered volatility in the cryptocurrency markets, with Bitcoin (BTC) soaring to $112,000 before retracting below $110,000 and finally regaining its losses.

Several altcoins, notably JUP, ZEC, CRO, BCH, and XRP, have recorded noteworthy surges in recent days.

BTC Rebounds from Declines

Last week, BTC faced significant volatility, dropping from $112,000 to below $104,000 in just 24 hours. However, during the weekend, it showed resilience and began to recover. The upward movement continued into the new week, where BTC surged by $6,500, reaching a peak of $114,000. Unfortunately, this proved to be a false breakout, with BTC soon losing its gains, falling to just below $106,500.

In the following days, the markets awaited the CPI figures while BTC stabilized around $111,000, experiencing a rally after inflation data for September came in lower than predicted. However, its momentum was swiftly interrupted, leading to a drop below $110,000. Yet, BTC has since rebounded, hovering near $112,000 with a market cap of $2.230 trillion, while maintaining a 58% dominance over altcoins.

BTC/USD Chart BTCUSD. Source: TradingView

CRO and XRP Gain Momentum

Meanwhile, major altcoins showed minimal movement in the last 24 hours. Ethereum (ETH) and Binance Coin (BNB) saw slight declines, while others like SOL, ADA, DOGE, HYPE, LINK, and XLM made marginal gains. In contrast, XRP, CRO, BCH, and ZEC have surged between 3.5% and 5.3%, while TRX has dipped over 5%, currently trading just below $0.30.

The total cryptocurrency market cap remains steady at approximately $3.850 trillion.