Bitcoin, Ethereum, Dogecoin Show Resilience Amid CPI Data: Analyst Says King Crypto Could Skyrocket 130%, To Reach Levels Above $70k This Year

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Major cryptocurrencies experienced mixed trading on Thursday evening, displaying resilience in the face of Consumer Price Index (CPI) data. What Happened: Crypto remains unaffected by the Consumer Price Index (CPI) figures, which showed a modest increase in line with economists’ expectations. In July, the CPI rose by 0.2%, with the Core CPI (excluding food and energy) also increasing by 0.2%. Year-over-year, the CPI rose by 3.2%, and the Core CPI increased by 4.7%. As a result, the likelihood of a Federal Reserve interest rate hike in September has decreased as part of their ongoing efforts to…

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