{"id":30755,"date":"2024-05-15T14:14:47","date_gmt":"2024-05-15T14:14:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/algotech-gains-as-bitcoin-spikes-towards-64k-on-latest-cpi-report\/"},"modified":"2024-05-15T14:14:47","modified_gmt":"2024-05-15T14:14:47","slug":"algotech-gains-as-bitcoin-spikes-towards-64k-on-latest-cpi-report","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/algotech-gains-as-bitcoin-spikes-towards-64k-on-latest-cpi-report\/","title":{"rendered":"Algotech gains as Bitcoin spikes towards $64k on latest CPI report"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-price-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-price-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-price-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-price-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Bitcoin price rose to near $64,000 as stock futures climbed.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The upside came after US inflation data showed consumer prices rose less than expected in April.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Algotech, a new crypto trading project, continued to attract investors as its presale crossed $4.8 million.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">As stock futures rose on Wednesday, <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin price<\/a> jumped more than 2% to break above $63,700. The benchmark cryptocurrency\u2019s rise towards $64,000 saw altcoins flip green.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Amid the gains for alts such as Ethereum, Toncoin and Avalanche, new crypto project <a href=\"https:\/\/algotechtrade.com?utm_source=coinjournal&amp;utm_medium=pr&amp;utm_campaign=1505\" target=\"_blank\" rel=\"noopener\">Algotech<\/a> swelled in presale.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Bitcoin surges as CPI rises less than expected<\/span><\/h2>\n<p><span style=\"font-weight: 400\">On Wednesday, data on inflation showed that the consumer price index (CPI), the US Federal Reserve\u2019s preferred inflation gauge, only rose 0.3% in April. That was lower than the expectation of 0.4% for the month-on-month increase, CNBC <a href=\"https:\/\/www.cnbc.com\/2024\/05\/15\/cpi-inflation-april-2024-consumer-prices-rose-0point3percent-in-april.html\" target=\"_blank\" rel=\"noopener\">reported<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While the inflation reading remains above 3%, its overall dip to 3.36% year-over-year in April from the 3.48% reported in March attracted a reaction across markets. Also notable was the US Core CPI (which excludes food and energy) \u2013 it was 3.62% YoY in April compared to 3.80% the previous month.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The inflation report saw Treasury yields fell as stocks pumped. The gains were also visible across the crypto market, with <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a> jumping from below $62,000 to hit highs above $63,855.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A 3.6% upside for BTC pushed the total crypto market cap up by more than 2% to over $2.43 trillion.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Algotech: A new crypto trading project<\/span><\/h2>\n<p><span style=\"font-weight: 400\">At its core, Algotech is a decentralized algorithmic trading platform that brings innovative crypto trading technologies to the ordinary trader.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The goal is to empower traders via integration of artificial intelligence, machine learning and analytics tools. Automation and blockchain technology meet to offer a potentially game-changing platform for crypto traders.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As it prepares to launch, Algotech has allocated 70% of the total of 350,000,000 ALGT to the public presale. When the current presale stage concludes, the ALGT price will increase to $0.10. Meanwhile, the estimated launch price after the presale is $0.15.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Algotech gains as presale nears $5 million raise<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Algotech has raised more than $4.88 million in its ongoing token sale, with the current presale stage more than 75% sold out.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Currently, only 14% of ALGT tokens remain unsold in stage 3. It means investors keen to grab some of the tokens at prices of $0.08 may want to take swift action. But why is the interest in Algotech rising?<\/span><\/p>\n<p><span style=\"font-weight: 400\">While today\u2019s Bitcoin price spike towards $64k has buoyed the broader crypto market, the overall interest in Algotech is something that has built up in bounds these past few weeks.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The positive sentiment around the project has strengthened as more people understand what the platform offers. Moreso, it\u2019s the potential for its defining features to drive the next big wave in crypto trading that has investors flocking to the presale.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Visit the <a href=\"https:\/\/algotechtrade.com?utm_source=coinjournal&amp;utm_medium=pr&amp;utm_campaign=1505\" target=\"_blank\" rel=\"noopener\">Algotech website<\/a> to learn more about this project.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/algotech-gains-as-bitcoin-spikes-towards-64k-on-latest-cpi-report\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin price rose to near $64,000 as stock futures climbed. The upside came after US inflation data showed consumer prices rose less than expected in April. Algotech, a new crypto trading project, continued to attract investors as its presale crossed $4.8 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":30756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30755"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=30755"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/30756"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=30755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=30755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=30755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}