Author: Elena R 
Elena R
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
Aug 14, 2024 18:10
Elena R
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
The July Consumer Price Index (CPI) inflation rate has decreased to 2.9%, slightly lower than the anticipated 3.0%. This reduction indicates a significant development, as it is the first time since March 2021 that the CPI inflation rate has dipped below 3.0%. This data suggests that inflationary pressures might be easing, marking a notable shift in economic conditions. The crypto market has responded positively. Bitcoin’s current price has surged to $61,000, reflecting investor confidence amid easing economic pressures.
Source: https://coinpedia.org/crypto-live-news/cpi-report-released-inflation-rate-falls-to-2-9/