Breaking: US CPI Comes In At 2.7% Signaling BTC & Altcoins Rally Ahead

Quick Summary:

Notably, the latest data showed that the inflation inched up to 2.7% in November, up from 2.6% noted in the prior month.

The investors eagerly awaited the US CPI data for cues on the economic health of the nation.

Besides, it also sparked optimism over a potential rally in Bitcoin (BTC) and altcoin prices ahead.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Fed rate cut Bitcoin Altcoin US CPI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 13:37:48 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 249 words

Reading Time: 2 minutes read

Sentences: 47 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24354529

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 16 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #59

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