During the morning of Wednesday it was known that the wholesale inflation in the United States was less than expected. A fact that predicts a rate cut.
The market of cryptocurrencies Opera up on Wednesday, September 10. In the case of Bitcoin (BTC)the most important asset on the market, The daily rise is 0.5% At the beginning of the day and is located above the US $ 113,000.
Meanwhile, Ethereum (eth) is almost stable around US $ 4.330with a daily increase of 0.3%. Among the main Altcoins, Solarium records the greatest increase, with 2.7%. For its part, the greatest decline is observed in Dogecoin with 1.6%.
The good data of the US drives Bitcoin
During the morning of Wednesday The wholesale inflation of the United States was knownthat during August threw a deflation of 0.1% In the monthly comparison. In both cases, they were data below expected.
The good data of the Price Index to the Producer (PPI) solidifies the expectations that the United States Federal Reserve Cut the interest rates in your meeting on September 17.
It is a scenario that would renew the appetite for risk assets among investorssince it would reduce indebted costs, such as cryptocurrencies.
This Thursday the Consumer Price Index (CPI)that is, retail inflation, and the last weight of weight that the Fed will have before making its decision.
Source: Ambito
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