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via Decrypt · By Decrypt Editorial
Bitcoin, Ethereum Resume Rebound as Inflation Hits 3-Year High
BTC
BTC/USDT
$64,529.65
+0.92%
$64,529.65
+0.92%
(24s)24h Volume
$4,301,279,152.46
24h H/L
$64,599.95 / $63,925.30
Change: $674.65 (1.06%)
Long/Short
65.3%
Long: 65.3%Short: 34.7%
Funding Rate
+0.0035%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(02:46 PM UTC)
1 min read
676 views
0 commentsIn 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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