Inflation Jumps to 7.5%, Time to Buy Bitcoin
<p>Bitcoin and Ethereum had a volatile session today as investors reacted to the data from the U.S. Labor Department, which showed that US inflation rose to 7.5%. This represents the fastest rate in 40 years for a CPI climb. </p>
<p>Bitcoin was trading near $45,000, before dropping to as low as $43,400 on CPI data release. At the end of the day, the cryptocurrency price was trading around $44,000.</p>
<p>Cameron Winklevoss, the co-founder of the cryptocurrency exchange Gemini, shared his comments on CPI data, mentioning that it is the opportune moment for crypto assets.</p>

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