Rewards Hub Bitcoin and Ethereum prices rose on Monday, with Bitcoin trading above $88,000, as softer U.S. CPI data provided a boost. The annual inflation rate slowed to 2.7%, and core CPI was at 2.6%, prompting a positive market response. The Federal Reserve's recent 25-basis-point rate cut further supported the crypto market.
Despite the price uptick, Bitcoin and Ethereum ETFs experienced outflows of $161 million and $97 million, respectively, while XRP ETFs saw inflows of $106 million. Technical indicators remain mixed, with Bitcoin and Ethereum trading below key exponential moving averages, and XRP facing downward pressure.
Bitcoin and Ethereum Rise as U.S. Inflation Eases
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