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Crypto Markets Rally After Softer-Than-Expected US Inflation Report

Crypto Markets Rally After Softer-Than-Expected US Inflation Report

Total market value rose over 4% today, though risk appetite remains fragile.

Crypto markets caught some relief on Friday, Feb. 13, as investors digested a softer-than-expected U.S. inflation report.

Total crypto market capitalization surged almost 5% over the past 24 hours to $2.44 trillion, while most large-cap crypto assets saw moderate gains on the day.

Bitcoin (BTC) climbed back over 69,000, up 4.5% today and pushing its weekly price change into the green, up 1.7%.

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BTC 7-day price chart. Source: CoinGecko

Ethereum (ETH) rose over 7.5% to trade back above $2,000, bringing weekly gains to 4.4%.

Figure Heloc (FIGR_HELOC) waws the only top-10 assets in the red this morning, though it was down less than 1%. BNB saw subdued gains, up just 1.7%…

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