Bitcoin (BTC) $79,074.46 -2.45%
Ethereum (ETH) $2,226.94 -2.02%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 89.051934 -3.27%
Cardano (ADA) $0.26 -3.15%
Chainlink (LINK) $10.06 -3.40%
Litecoin (LTC) $57.14 -1.54%
Dash (DASH) $42.74 -5.77%
Polygon (MATIC) 0.25693 2.45%
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X-Cash (XCASH) 7.0E-6 -3.76%
Dogecoin (DOGE) $0.00 0.26%

Cryptocurrencies: 28952

Markets: 114183

Market Cap: $2,632,692,112,427

24h Vol: $88,995,829,732

CoinGape

2023-01-12 13:23:07

Actual Reason Behind Today’s Bitcoin (BTC) Price Rally Amid US CPI Release

Actual Reason Behind Today’s Bitcoin (BTC) Price Rally Amid US CPI Release

Bitcoin price finally breakout above the key $18K level on Thursday, for the first time in the last two months. Traders anticipate a slowdown in rate hikes by the U.S. Federal Reserve as inflation eases in 2023. The BTC price rises over 5% in the last 24 hours as Wall Street economists expect a drop The post Actual Reason Behind Today’s Bitcoin (BTC) Price Rally Amid US CPI Release appeared first on CoinGape .

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