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Bitcoin, Ethereum, XRP face sharp volatility as US posts lowest inflation rate in years
The latest inflation report released on Thursday in the United States (US) sparked a wave of volatility in the crypto markets. The US Consumer Price Index (CPI) rose 2.7% YoY in November, below forecasts of 3.1%, and lower than September's 3.0% reading, according to the Bureau of Labour Statistics (BLS). Core CPI, which excludes food and energy prices, climbed 2.6% YoY, a 40 basis-point drop from market expectations and September's 3.0%. That figure represents the Core CPI's lowest reading since March 2021 and is closer to the Federal Reserve's (Fed) 2% inflation target. Following the report, Bitcoin (BTC) jumped ... (full story)
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