Crypto Market Surged As CPI Report Remain Unchanged!


The global crypto market surged after July’s CPI report showed that the inflation rate seems to be cooling after several months of record-breaking rates.

The Consumer Price Index report (CPI) remained unchanged, putting inflation at 8.5%.

The value of bitcoin surged by nearly 4%, that of gold by 0.35%, and that of silver by 1.43% in relation to the dollar.

BTC soared towards $24K today on the news while Ethereum Leading the crypto market surge hitting $1970.