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TheNewsCrypto

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Bullish Trends Revisit the Crypto Market After CPI Release

  • The global crypto market rebounded 2.5% following the stronger-than-expected CPI data.
  • Bitcoin climbed to the $63K zone, catalyzing rallies in various altcoins. Currently, it is trading at around $62,848.
  • The positive market sentiment led to surges in altcoins, with Avalanche (AVAX) rising over 10% and other major cryptocurrencies recording increases between 3% and 4%.
  • Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also experienced gains, signaling a positive outlook for the market.

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