CPI Report 🚨
US inflation rises to 2.4%.
US markets look happy with the news, market can make a spike on the upside
Bitcoin rallied to the high‑$109K to nearly $110K, a ~0.5%–0.8% intraday gain, building off its already-strong momentum .
Ethereum surged ~4%, with Solana up ~5%, and XRP also seeing modest gains .
Why this bounce makes sense:
Softer-than-expected inflation increases hopes that the Fed will be patient—or even pivot to rate cuts later this year, which supports risk assets like crypto .