CRYPTOCURRENCY PRICES UPDATES: Prices of cryptocurrencies rose Friday, with Bitcoin, the biggest and most well-known digital asset, trading more than 5 percent higher at USD 19,088. Even though it had increased by almost 1 percent in the previous 24 hours to USD 969 billion, the worldwide crypto market valuation today was less than USD 1 trillion, according to CoinGecko.
On the other side, Ether, the second-largest cryptocurrency and coin connected to the Ethereum network, also increased by 3 percent to USD 1,330. Shiba Inu was up more than 6 percent to USD 0.000011, while Dogecoin was over 3 percent higher at USD 0.06 today.
Avalanche, Binance USD, Polkadot, Cardano, Chainlink, Tether, ApeCoin, Solana, Litecoin, Terra, Stellar, XRP, Tron, Uniswap, Cardano, and Polygon prices were trading with slight gains over the last 24 hours, and today’s performance for other cryptocurrency values also increased.
“After the September U.S. Consumer Price Inflation data, which was higher than anticipated, was released, Bitcoin, Ethereum, and the majority of cryptocurrencies changed hands in the green. Following the release of the CPI, BTC fell as low as USD 18,300 before rising by about 4 percent.
BTC may soon reach USUSD 20,000 if it can rise over the present price. On the other hand, ETH has also made up for its losses by increasing by about 3 percent during the last day. We might observe an upward trend if ETH can close above USUSD 1,400, according to Edul Patel, CEO and Co-Founder of Mudrex, a Global Crypto Investment Platform.
In September, a crucial indicator of US consumer prices increased to a 40-year high, highlighting the ongoing, excessive inflation that is straining households and driving the Federal Reserve toward yet another rash rate hike.
The US Labor Department issued data on Thursday showing that the core consumer price index, which excludes food and energy, rose 6.6 percent from a year earlier, the highest level since 1982. The core CPI increased 0.6 percent from one month prior for a second consecutive month.
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