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The cryptocurrency market has recovered in the last one week on the back of cooling inflation. The market cap has jumped almost $100 billion from $812 billion on January 6 to $910 billion on Friday, according to CoinMarketCap. Bitcoin was up 13 per cent during the period and was trading at $18,960. Ethereum was up 13.5 per cent and was trading at $1,411.
The US inflation cooled down to 6.5 per cent in December as compared to a year ago.
"The market's past week witnessed a significant boost, as the rally from the first week of 2023 continued.
The US inflation cooled down to 6.5 per cent in December as compared to a year ago.
"The market's past week witnessed a significant boost, as the rally from the first week of 2023 continued.
