The post Top Altcoins To Buy Now As US CPI Data Boosts Crypto Market Recovery appeared on BitcoinEthereumNews.com.

On Wednesday U.S. trading hours, the cryptocurrency market witnessed a sudden uptick following the release of U.S CPI data. The Bitcoin price jumped 3.7% to trade at $69804, while the Ethereum record jumped 3.85% to reach $3632. Amid the recent market correction, this upswing highlights Ethereum (ETH), Cardano (ADA), and Pepe coin (PEPE) as top Altcoins to buy as they offer the potential for higher recovery.  In a recent announcement, the United States reported that May’s unadjusted Consumer Price Index (CPI) annual rate stood at 3.3%. This figure came in slightly below the anticipated 3.4% and marks a decrease from the previous value, which was also 3.4%.  The US announced that the unadjusted CPI annual rate in May was 3.3%, which was expected to be 3.4% and the previous value was 3.4%. The unadjusted core CPI annual rate in May was 3.4%, which was expected to be 3.5% and the previous value was 3.6%. The core CPI annual rate was… — Wu Blockchain (@WuBlockchain) June 12, 2024 Similarly, the unadjusted core CPI annual rate for May was recorded at 3.4%, falling short of the expected 3.5% and down from the previous rate of 3.6%. Notably, this core CPI annual rate represents the lowest level since April 2021. Lower inflation figures could reduce fears of aggressive interest rate hikes by the Federal Reserve and bolster investors to invest in violated assets like Bitcoin and other cryptocurrencies. Also Read: Crypto Prices Today June 12: Bitcoin & Altcoins Extend Bearish Movement, PEPE & BONK Prices Rally Top Altcoins to Buy- Ethereum Ethereum, second-largest cryptocurrency by market cap witnessed a notable downtick in the second week of June. From the high of $3878, the altcoin tumbled to $3433 on Tuesday to record an 11.5% loss. Ethereum| Tradingview However, the positive market sentiment around U.S.…

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Filed under: News - @ June 13, 2024 1:20 am