News Explorer — Bitcoin, Ethereum Hold Ground Despite Rising Inflation in August

By Decrypt September 13, 2023 In Bitcoin, Ethereum

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Bitcoin, Ethereum Hold Ground Despite Rising Inflation in August

Cryptocurrency prices remained stagnant on Wednesday as the Consumer Price Index (CPI) in the U.S. showed a higher-than-expected inflation rate of 3.7% in the 12 months through August. The increase was primarily driven by rising gasoline prices. Bitcoin and Ethereum traded flat, while altcoins like Cardano and Polkadot experienced slight losses. The Federal Reserve will consider this inflation data, along with other factors, before making its next interest rate announcement on September 20.

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Sep 13, 5:52 am

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