Bitcoin Rises Amid Slowing Inflation In The US

Bitcoin Rises Amid Slowing Inflation In The US

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%.

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