Crypto Market Surged As CPI Report Remain Unchanged!

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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.