Bitcoin

Ethereum

Solana

<ul>
 <li>After the U.S. CPI data release, Bitcoin recovered to breach the $26,000 mark.</li>
 <li>Solana and PEPE join the uptrend, diversifying investor interest.</li>
 <li>Despite gains, the Fear and Greed Index remains in 'fear' territory at 36.</li>
</ul>
In an unexpected rebound, cryptocurrencies like Bitcoin, Solana, and even the lesser-known PEPE Coin are witnessing a surge in their valuations following the release of the U.S. Consumer Price Index (CPI) inflation data on September 13. The numbers have triggered a renewed sense of optimism among investors, even as the <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">Fear and Greed Index</a> lingers in the realm of fear, posting a score of 36 at the time of writing.
The recent <a href="https://cryptotale.org/cryptocurrency-markets-soar-following-augusts-higher-than-expected-cpi/" rel="noopener noreferrer nofollow">CPI data</a> the U.S. Federal Reserve released has galvanized the crypto market, traditionally seen as a hedge against inflation. After a weekend that saw Bitcoin struggle to maintain its momentum past the $26,000 mark, a sudden drop to just under $25,000 had many traders anxious. However, the bulls were simply waiting for the right moment. In a surprising turnaround, Bitcoin broke through its previous resistance, clocking in at just over $26,500 yesterday evening. The BTC/USD cryptocurrency pair was trading at <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$26,293.37</a>.
Ethereum, another heavyweight in the crypto arena, also posted gains of nearly 2%, reaching a price of <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">$1,620.58</a>. Altcoins experienced a more mixed bag of fortunes. While Binance Coin (BNB) and Cardano (ADA) made modest gains, other altcoins like XRP and DOGE displayed a more restrained performance despite their generally volatile nature.
However, the story doesn't end with Bitcoin and Ethereum. Lesser-known cryptos like PEPE Coin and Solana have been on the radar of investors looking to diversify their portfolios. Solana, in particular, has shown a significant 4.23% gain, rising to <a href="https://coinmarketcap.com/currencies/solana/" rel="noopener noreferrer nofollow">$18.80</a>. Even in the meme coin segment, Dogecoin and Shiba Inu show modest upticks.
Read full article at <a href="https://cryptotale.org/bitcoin-ethereum-and-solana-ascend-post-u-s-cpi-data-reveal/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bitcoin, Ethereum, and Solana Ascend Post-U.S. CPI Data Reveal

CryptoTale

Other articles published on Sep 14, 2023

Join our free newsletter for daily crypto updates!