Smaller cryptocurrencies like MNT and HASH have shown notable gains, increasing between 8% and 11%, as major coins like Bitcoin monitor the upcoming U.S. Consumer Price Index (CPI) report. Specifically, Provenance Blockchain's HASH surged by 28% after the announcement of a new dynamic inflation model to protect stakers, thereby increasing demand and limiting supply. Analysts suggest that if the CPI is lower than expected, it could boost market confidence and potentially lead to a Federal Reserve rate cut, which may further elevate Bitcoin prices. Current trends indicate the possibility of a short squeeze for Bitcoin if it surpasses key resistance levels. Additionally, trading activity on platforms like Bybit has surged, reflecting heightened speculation in the altcoin market. The ongoing developments signal a shift in trader preferences towards speculative assets while traditional majors like BTC and ETH await further economic indicators.

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