Mooners and Shakers: Cooling US inflation helps crypto shrug off any Black Friday blues
Written by Black Hot Fire Network on January 13, 2023
Morning Coinheads! It’s an upbeat kinda Friday the 13th this morning, after financial markets (broadly) and crypto reacted well to positive signs in the US that inflation is cooling.
US Consumer Price Index data released overnight showed inflation slowing down to 6.5% – on its own, not great, but a definite sign that folks Stateside are unlikely to be paying $19 a gallon for milk any time soon.
The news put a solid puff of breeze into Wall Street, and crypto investors followed suit. Over the past 24 hours, the majors have enjoyed some . . .
