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BTCUSD and ETHUSD Rebound as US Core CPI Data Cools Hawkish Fed Expectations

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The Story

News Summary

  • Cryptocurrencies rebounded following favorable U.S.
  • core CPI data, which showed a decline in month-on-month inflation.
  • Decreased fears of a hawkish Federal Reserve and eased geopolitical tensions in the Middle East provided additional market support, despite lingering 'extreme fear' sentiment and ongoing Bitcoin ETF outflows.
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BTCUSD price history

75728.89 +15.20% over the displayed period

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