Crypto News Today and Top Catalysts for Bitcoin and Altcoins
The crypto market started the week well, with Bitcoin and most altcoins rising to their highest levels in two weeks. This article looks at some of the top crypto news today and what will affect the industry this week.
Crypto News Today: Focus on Federal Reserve
The main reason why the crypto market is doing well today is that the US Bureau of Labor Statistics (BLS) published an encouraging consumer inflation report on Friday.
This report showed that the headline Consumer Price Index (CPI) rose from 2.9% in August to 3.0% in September, lower than the median estimate of 3.1%. Core inflation, which excludes the volatile food and energy prices, dropped from 3.1% to 3.0%.
These numbers mean that…
