#BTCBreaks110K
Bitcoin, Ethereum, XRP Show Bullish Signals as US CPI Cools
Bitcoin, Ethereum, and XRP are flashing bullish signs after the latest U.S. Consumer Price Index (CPI) data showed cooling inflation. The CPI rose just 0.1% in May, signaling easing price pressures and boosting investor confidence.
Bitcoin surged past $108,911
Ethereum climbed above $2,818.23
XRP gained momentum at $2.30, hinting at a potential breakout
Lower inflation reduces the likelihood of aggressive Fed rate hikes, fueling optimism in crypto markets. Analysts suggest the trend could continue if macro conditions remain supportive. With momentum building, traders are watching for key resistance levels and potential breakouts. The soft CPI report has reignited risk appetite, making crypto assets attractive in the near term. #RRonCrypto $BTC