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via Decrypt · By Decrypt Editorial
Bitcoin, Ethereum Resume Rebound as Inflation Hits 3-Year High
BTC
BTC/USDT
$79,662.47
-1.87%
$79,662.47
-1.87%
(24s)24h Volume
$16,633,547,666.64
24h H/L
$81,350.00 / $78,660.00
Change: $2,690.00 (3.42%)
Long/Short
52.7%
Long: 52.7%Short: 47.3%
Funding Rate
-0.0012%
Shorts pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(02:46 PM UTC)
1 min read
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…
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