Bitcoin & Ethereum Surge, Then Plunge After Inflation Report
Update: 2025-12-18
Description
Bitcoin and Ethereum experienced volatile swings on Thursday, initially surging due to a lower-than-expected inflation report, but later plummeting as US markets opened. Despite weekly declines, both cryptocurrencies showed gains in the last 24 hours. The Bureau of Labor Statistics report showed a 2.7% annual inflation rate, slower than predicted, which could lead to more interest rate cuts. However, other factors like market dynamics and potential legislative changes for digital assets may also be influencing prices.
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