Cryptocurrency markets are showing significant upside this Thursday after trading sideways for most of the week. Yesterday’s CPI data shows that inflation remained unchanged for July, with the gasoline index falling 7.7%. The favorable CPI data is a significant driver for today’s crypto market bull run. Furthermore, cryptocurrencies registered a 6% growth in the overall market capitalization today, pushing the market to $1.16 trillion. Key Points: Bitcoin price soars past $24.5k bearing its 1-month high, trading volume up 67%. Ethereum price rises above $1,900, attempting to break its 3-month high, trading volume up 85%. Favorable CPI data fuel today’s crypto
The post Bitcoin and Ethereum Prices Show Significant Upside After July’s CPI Data Release appeared first on The Merkle News.
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