Bitcoin, ETH price coil after inflation cools and US-China tariffs roll back
Lower CPI and tariff rollbacks boost crypto’s outlook despite economic concerns and Fed rate uncertainty.
Key takeaway:
The crypto market’s strength sustains even as investors continue to ponder the impact of raising the US debt ceiling.
The cryptocurrency market responded positively to Wednesday’s Consumer Price Index (CPI) report and reduced prospects of an escalating trade war between the US and China. Demand for alternative hedge instruments typically weakens in such scenarios, yet Bitcoin (BTC) neared $109,000, while Ether (ETH) posted a 3% gain, trading above $2,800.
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