Tuesday, March 21, 2023

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Crypto Breathes After US Inflation Data

After the US inflation data came in below expectations, investors turned to risky assets. Bitcoin gained more than three percent after the US inflation data was released below expectations, despite the tension after Binance stopped withdrawals of USDC, the second-largest stablecoin in the US by market cap.

Among other popular cryptocurrencies, Ether gained four percent, BNB six percent, XRP two percent, Cardano four percent, Polkadot three percent, Solana seven percent and AVAX more than ten percent.

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