The Bitcoin & Crypto Market Is Getting WILD… (CPI Data Today)
The crypto market is getting wild…
Today, the Consumer Price Index (CPI) data was released, showing inflation is rising. This is great news for the crypto market, as it could lead to more people investing in Bitcoin and other cryptocurrencies as a hedge against inflation.
The CPI data, combined with the renewed interest in the crypto market from institutional investors, has caused the market to surge. Bitcoin is up over 10% in the last 24 hours, and other cryptos are following suit.
It looks like the crypto market is getting wilder every day, and it’s only a matter of time before we see even more wild swings.