Bitcoin surged above 89,000 USD after favorable CPI data showed inflation at 2.7%, lower than expected. Meanwhile, Ethereum rose by 3% to nearly 3,000 USD, and XRP along with Solana also saw gains as a result of the positive sentiment.
While the CPI report led to bullish momentum in the crypto markets, there remains uncertainty regarding future interest rate policies from the Federal Reserve, as officials are divided on how to proceed.
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