ETH, SOL, & DOGE Prices Are Rising
The crypto market is showing signs of recovery today as the global market cap surged 3.49% to $2.52 trillion. Bitcoin $BTC , Ethereum $ETH , Solana $SOL , Dogecoin , and other cryptos witnessed gains worth 2-5%.Notably, BTC price regained momentum above the $69K mark, whereas ETH price topped $3,600. Altcoins followed this significant upside momentum, primarily attributable to a stockpile of recent bullish events. Let’s delve deeper into it.
The trading landscape is highly bullish as the U.S. annual CPI inflation cools to 3.3%, lower than the 3.4% estimate and 3.6% last month. The yearly Core CPI cools to 3.4% against the 3.5% expected and 3.6% last month, whereas month-on-month core inflation slows to 0.2%, a significant drop in recent months.