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Ethereum World News
2022-08-10 13:18:56

Bitcoin Breaks Above $24,000 As U.S. Inflation Dip To 8.5%

Bitcoin Breaks Above $24,000 As U.S. Inflation Dip To 8.5%

Summary: U.S. Inflation numbers were released on Wednesday, triggering a move in the price of crypto assets. Consumer Price Index data stood at 8.5% for July 2022. The numbers fell from the 9.1% level reported in June. It’s also the first time U.S. Inflation numbers have dipped since April 2022. Cryptos like Bitcoin and Ethereum reacted to the news positively with pumps. Technical analyst Will Clemente previously tweeted that today’s CPI report would determine if a short risk-on bear market […]

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