News Explorer reported that the prices of Bitcoin and Ethereum remained stable as the US inflation rate showed a decrease in growth. This news comes as a relief to many investors who were concerned about the impact of inflation on the cryptocurrency market.
Bitcoin, the most popular cryptocurrency, saw little change in its price, hovering around the $40,000 mark. Ethereum also showed resilience, with its price staying steady at around $2,500.
The slowdown in US inflation growth has been attributed to various factors, including a decrease in demand for goods and services as the economy continues to recover from the effects of the pandemic. This has helped to alleviate concerns about rising prices and their potential impact on the value of cryptocurrencies.
Overall, the stability in the prices of Bitcoin and Ethereum reflects a sense of confidence in the market, as investors continue to monitor economic indicators for any signs of volatility.