Bitcoin Rises Amid Slowing Inflation In The US

The cost of bitcoin rose to 24 thousand dollars against the backdrop of the publication of data on a slowdown in inflation in the United States.

Data from CoinMarketCap

Over the past 24 hours on the Binance exchange, Bitcoin has peaked at $24.01k, up 3.6%. After the data’s publication, bitcoin’s price was $24,126, up 3.12%, according to CoinMarketCap.

Earlier it became known that inflation in the US in annual terms slowed to 8.5% in July. In June, consumer prices rose by 9.1%. Analysts had expected inflation to slow to 8.7%.