🚨Breaking News
Bitcoin rises as U.S. CPI inflation data comes in below target
📍In Brief
🔸The price of Bitcoin saw a slight increase after U.S. Consumer Price Index data showed inflation rose by 2.7% in July, which is slightly lower than economists' expectations.
🔸The price of Bitcoin rose, but Ethereum stole the spotlight, surpassing $4,400 with $40 million in short positions liquidated in the past hour.
🔸Analysts expect a 90% chance of the Federal Reserve cutting interest rates in September, with Bitcoin likely unaffected by the Consumer Price Index report.