Cryptocurrency News Live Updates and Latest News: The Global crypto market has registered a broad recovery with an increasing correlation with the traditional markets. A buy sentiment can be spotted in the market after the release of the latest US CPI data.
The US inflation rate came out to be higher than expected. As per reports, the September CPI stood out to be 8.2%. Meanwhile, it was higher than the expected rate of 8.1%. However, the previous CPI rate was recorded to be 8.3%.
The cumulative crypto market is up by 3.5% over the past day.
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2022-10-14T13:30:00+5:30
Binance announces $500 million miner project
The world’s largest crypto exchange laid out the plan to help the crypto mining community. The Binance Pool declared that it will be launching a $500 million miner lending project in order to support BTC mining and other projects.
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2022-10-14T13:00:00+5:30
US Inflation data and Bitcoin price
Bitcoin Prices have jumped by 3.5% in the last 24 hours despite recording a higher inflation rate than expected.
BTC is trading at an average price of $19.6K. However, September’s inflation rate is calculated to be 8.2% which is higher than the expected rate of 8.1%.
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