Crypto News

BTC Consolidates Above $61,000 Crypto markets are showing signs of consolidation as Bitcoin (BTC) price holds above $61,000. This comes after the release of US CPI inflation data for July, which showed a reading of 2.9%, lower than the expected 3.2%. This news has eased concerns of rising inflation and has provided some stability to the crypto market. Altcoins Follow Bitcoin's Lead Altcoins are also showing signs of consolidation, with many following Bitcoin's lead and holding steady. Ethereum (ETH) is trading around $3,750 while Binance Coin (BNB) is trading above $434. Other altcoins such as Cardano (ADA), XRP, and Dogecoin (DOGE) are also showing stability and are trading in a narrow range. Crypto Community Reacts to Inflation Data The crypto community has been closely watching the release of US CPI inflation data, as it can have a significant impact on the market. Many traders and analysts were anticipating a higher reading, which could have led to a sell-off in...