Bitcoin and Altcoins Prices Pump as CPI Report Shows US Inflation Falls to 3.4% - Best AI Cryptocurrencies to Buy Now
Briefly

from ReadWrite9 months ago
The fall in the US CPI to 3.4% in April is viewed as positive news for risky assets like equities and cryptocurrencies. This suggests that the Fed may reassess interest rate cuts, with inflation showing a falling tendency.
ReadWritehttps://readwrite.com/bitcoin-and-altcoins-prices-pump-as-cpi-report-shows-us-inflation-falls-to-3-4-best-ai-cryptocurrencies-to-buy-now/
Daan Crypto Trades observed the AI sector seeing the strongest bounce after the CPI report, while memes were the weakest. This divergence could be due to shorting activities on other coins.
ReadWritehttps://readwrite.com/bitcoin-and-altcoins-prices-pump-as-cpi-report-shows-us-inflation-falls-to-3-4-best-ai-cryptocurrencies-to-buy-now/
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#us-cpi-report #bitcoin #altcoins #inflation #ai-sector
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