Stocks surge, altcoins give back their gains and dollar strength may push Bitcoin lower

Risk assets surge higher after U.S. inflation data, but belief in a sustained uptrend emerging is hardly anywhere to be seen.

When the 21-year-old Quai Network marketing associate was asked to present a crypto class to residents of an assisted living community, he was more than happy to oblige.

BTC futures data shows bulls are not sure that Bitcoin price will hold above $24,000, but range-bound action could help them profit from Friday’s $475 million options expiry.

After today’s neutral CPI print, Bitcoin and altcoins are attempting to flip stiff overhead resistance levels to support in order to prepare for the next leg up.

Derivatives data show a clear path to $29,000, but inflation and unemployment data will continue to be crucial to determining BTC price rallies.