Algotech increases, while Bitcoin in the latest CPI report rises towards $ 64,000

• The Bitcoin price rose to almost $ 64,000 than the stock futures climbed.
• The upward trend came after US inflation data showed that consumer prices in April rose less than expected.
• Algotech, a new crypto trading project, continued to attract investors because its advance sale exceeded $ 4.8 million.

When the stock futures climbed on Wednesday, the Bitcoin price rose by more than 2 % and broke the brand of $ 63,700. The increase in benchmark cryptocurrency to $ 64,000 led to old coins greens.

in the middle of the winnings for altons such as Ethereum, Toncoin and Avalanche, new crypto project Algotech swollen in advance.

Bitcoin increases sharply because the consumer price index is less than expected

On Wednesday, inflation data showed that the consumer price index (CPI), the preferred inflation indicator of the US Federal Reserve, rose only by 0.3 % in April. That was less than the expectation of 0.4 % for the increase compared to the previous month, according to cnbc reported

While inflation is still over 3 %, its general decline from 3.48 % in March triggered a response to all markets in April in April. Also remarkable was the US core VPI (which excludes food and energy)-in April it was 3.62 % compared to the previous year, compared to 3.80 % in the previous month.

The inflation report showed that the returns sank to government bonds while the shares rose. The profits were also visible on the entire cryptom market, with Bitcoin from less than $ 62,000 to maximum $ 63,855

An increase of 3.6 % for BTC caused the entire crypto market capitalization by more than 2 % to over $ 2.43 trillion.

Algotech: A new crypto trading project

In the core, Algotech is a decentralized algorithmic trading platform that offers the normal dealer innovative crypto trade technologies.

goal is to strengthen retailers by integrating artificial intelligence, machine learning and analysis tools. Automation and blockchain technology meet to offer a potentially groundbreaking platform for crypto dealers

While the market launch is prepared, Algotech has provided 70 % of the 350,000,000 ALG for public advance sales. When the current advance booking phase has been completed, the ALGT price increases to $ 0.10. In the meantime, the estimated introductory price after the advance sale is $ 0.15.

Algotech wins because the advance sale brings almost $ 5 million

Algotech has collected more than $ 4.88 million in its ongoing token sale, with the current ticket phase being sold to more than 75 %.

Currently only 14 % of the algt tokens are still unsuccessful in phase 3. This means that investors who want to acquire some of the tokens at a price of $ 0.08 should possibly act quickly. But why is the interest in Algotech?

While today's Bitcoin price increase to $ 64,000 gave the broader crypto market, the general interest in Algotech has risen within the past few weeks.

The positive mood around the project has increased because more and more people understand what the platform offers. In addition, it is the potential of its crucial features to drive the next large wave in the crypto trade, which will attract investors in droves for pre -sale.

Visit the Algotech-website To experience project.