The sharp rise in bitcoin after the slowdown in inflation in t | Best Crypto Traders Official

The sharp rise in bitcoin after the slowdown in inflation in the US

Bitcoin has risen in price by $1000 in an hour after the release of US inflation data, and Coinbase recorded a loss of $1.1 billion in the second quarter - these and other important news of the cryptocurrency market in our review.
Bitcoin surged $1,000 to top $24,100 again following the release of US inflation data. As of 16:40 Moscow time, the first cryptocurrency was trading at $24,000, over the past day it has risen in price by 3%. The price increased after the US Department of Labor reported an increase in consumer prices in the country in July by 8.5% year on year.
Crypto exchange Coinbase recorded a loss of $1.1 billion in the second quarter, according to the company's financial report. It suffered due to a sharp decline in trading volumes caused by the collapse of cryptocurrency quotes. In particular, the price of bitcoin has dropped by almost 70% from the all-time high set in November 2021.