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via Decrypt · By Decrypt Editorial

Bitcoin, Ethereum Resume Rebound as Inflation Hits 3-Year High

BTC

BTC/USDT

$62,736.02
+0.44%
24h Volume

$8,247,255,112.66

24h H/L

$63,461.99 / $62,415.87

Change: $1,046.12 (1.68%)

Long/Short
61.7%
Long: 61.7%Short: 38.3%
Funding Rate

+0.0043%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$62,800.00

-0.54%

Volume (24h): -

Resistance Levels
Resistance 3$67,369.22
Resistance 2$65,858.50
Resistance 1$63,134.06
Price$62,800.00
Support 1$62,547.78
Support 2$60,667.97
Support 3$57,800.19
Pivot (PP):$62,846.70
Trend:Downtrend
RSI (14):48.6
DE
Decrypt Editorial
(02:46 PM UTC)
1 min read
OB
Reviewed byOlivia Bennett
676 views
0 comments

In brief

  • The Consumer Price Index rose 4.2% in May from a year earlier, its fastest annual pace since 2023.
  • Despite the jump, Bitcoin pared losses, while lingering below levels seen before Friday's selloff.
  • The reading complicates the Fed's outlook, with traders penciling in at least one rate hike this year.

Consumer prices rose at their fastest annual pace in three years, inflation numbers…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Decrypt Editorial · Decrypt

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