Bitcoin Surges to Three-Week Peak as Crypto Market Sees Widespread Gains

The cryptocurrency market is experiencing a rebound following lower-than-expected US CPI numbers for June. Bitcoin's price surged to a three-week peak of $65,000 after the data was released on Tuesday. This boost in price has also positively impacted most altcoins, with Ethereum climbing towards $1,900.

However, Pi Network's native token, PI, had a volatile ride recently, charting consecutive all-time lows and reaching as low as $0.07 before rebounding by 16% to trade above $0.085.

The total crypto market cap has increased by over $60 billion in a day and now sits at $2.280 trillion. Bitcoin's dominance over the alts remains stagnant at 56.7% on CG.