Bitcoin, a cryptocurrency market leader, rebounded in December last year on the news that the U.S. producer price index fell below forecasts.
On the U.S. cryptocurrency exchange Coinbase, the price per unit of Bitcoin was trading at $95,570, up 3.64% from 24 hours ago.
The U.S. producer price index's lower growth than market expectations last month is a boon for raising the possibility of a rate cut, which is interpreted as a rise in virtual currency prices, which could attract investment funds.
"The virtual currency is stuck between inflation concerns and optimism about Trump's second-term pro-virtual currency policy," U.S. economic media CNBC said. "Investors expect the slump to continue throughout the first quarter."
Ethereum was up 4.75% at $3,190, Ripple was up 3.48% at $2.58 and Solana and Dogecoin were also up 4.5% and 7.46% at $186 and $0.35, respectively.
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On the U.S. cryptocurrency exchange Coinbase, the price per unit of Bitcoin was trading at $95,570, up 3.64% from 24 hours ago.
The U.S. producer price index's lower growth than market expectations last month is a boon for raising the possibility of a rate cut, which is interpreted as a rise in virtual currency prices, which could attract investment funds.
"The virtual currency is stuck between inflation concerns and optimism about Trump's second-term pro-virtual currency policy," U.S. economic media CNBC said. "Investors expect the slump to continue throughout the first quarter."
Ethereum was up 4.75% at $3,190, Ripple was up 3.48% at $2.58 and Solana and Dogecoin were also up 4.5% and 7.46% at $186 and $0.35, respectively.
※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]
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