Prices Rebound after CPI and Grayscale Files for Three New Investment Funds
Crypto prices rebounded today after a cooler-than-expected CPI print of 4.9% (vs. an expected 5.0%). The index for shelter was the largest contributor to the CPI increase, followed by increases in the index for used cars and trucks and the index for gasoline. At the time of writing, BTC is up 2.03%, and ETH is up 1.71%. After declining for the past few weeks and erasing much of their 2023 gains, some altcoins have seen some mean reversion today. ARB is up 7.91%, INJ is up 6.14%, and OP is up 3.10%. Traditional markets rose after today’s CPI print – SPX is up 0.30%, and NDQ is up 0.93%. The U.S. dollar (DXY) is down 0.14% on the day.
Articles Read 1/2
Enjoyed the read? Subscribe now for unlimited access!
Get invaluable analysis of the market and stocks. Cancel at any time.
Already have an account? Sign In 5909bb-1ed5c9-eefb88-3bb7a0-c8d61f
Already have an account? Sign In 5909bb-1ed5c9-eefb88-3bb7a0-c8d61f