Ethereum Rallies 23%, Bitcoin Jumps 14% Above 24-Hour Lows As Markets React to Surprise Report on Inflation

Ethereum Rallies 23%, Bitcoin Jumps 14% Above 24-Hour Lows As Markets React to Surprise Report on Inflation


The top two leading digital assets are rallying after a better-than-expected inflation report surprised the crypto markets.

New data from the U.S. Bureau of Labor and Statistics reveals that the Consumer Price Index (CPI), which broadly measures the changes in prices paid by consumers for goods and services minus food and gasoline, rose just 0.4% over the last month and 7.7% over the last year.

Both figures are lower than anticipated.

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According to a recent report by CNBC, Dow Jones researchers had previously predicted the CPI would rise by at least 0.6% during the last month and 7.9% year over year.

News of the CPI results sent Bitcoin (BTC) and Ethereum (ETH) skyrocketing, as the tokens saw 14% and 23% increases respectively. The top crypto

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