Crypto markets extended their gains on Wednesday after the Bureau of Labor Statistics reported that the consumer price index increased 0.3% for the month, putting the annualized U.S. inflation rate at 2.4%, in line with expectations.
Bitcoin (BTC) is trading at around $70,500, up 0.5% over the past 24 hours. Meanwhile, ETH climbed 1.4% to $2,070, SOL gained 1.2% to $87, and XRP is flat on the day.
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