Crypto Prices Explode CPI Day as Inflation Falls, Traders Call Macro Bottom – Which Coins to Buy
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Stocks and the Bitcoin price pumped to $18,000 on bullish CPI data below forecast, 7.1% year on year versus 7.3% expected.
Bitcoin is now up 5% in the past day, trading back above the June lows of $17,500 broken last month following the collapse of FTX exchange. Ethereum and many of the big caps are up 6-7% including Dogecoin, Solana, Polygon, Avalanche, and XRP.