Bitcoin, Ethereum Technical Analysis: ETH Moves to 2-Month High Above $1,900 

Ethereum surged to a two-month high above $1,900 on Thursday, as the token continued to rally following yesterday’s U.S. inflation report. Inflation in the United States was at 8.5% in July, giving traders some optimism on a potential gradual recovery. Bitcoin was also in the green, as prices moved closer to $25,000. Bitcoin Bitcoin (BTC) … Read more

Bitcoin and Ethereum Prices Show Significant Upside After July’s CPI Data Release

Cryptocurrency markets are showing significant upside this Thursday after trading sideways for most of the week. Yesterday’s CPI data shows that inflation remained unchanged for July, with the gasoline index falling 7.7%. The favorable CPI data is a significant driver for today’s crypto market bull run. Furthermore, cryptocurrencies registered a 6% growth in the overall … Read more

Bitcoin, Ethereum Technical Analysis: ETH Surges Back Above $1,700 as US Inflation Falls to 8.5%

Ethereum was once again volatile on Wednesday, as prices of the token fell below $1,700 ahead of the latest U.S. inflation report. However, following the report, which came in at 8.5% in July, the token surged back above this point. Bitcoin was trading lower, as it continued to hover below $24,000. Bitcoin Bitcoin (BTC) was … Read more

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