Bitcoin, Ethereum Resume Rebound as Inflation Hits 3-Year High – Decrypt
In brief The Consumer Price Index rose 4.2% in May from a year earlier, its fastest annual pace since 2023. Despite the jump, Bitcoin pared losses, while lingering below levels seen before Friday’s selloff. The reading complicates the Fed’s outlook, with traders penciling in at least one rate hike this year. Consumer prices rose at...
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