Bitcoin & Ethereum Bolster Amidst Market Uncertainty as Inflation Ease & US-China Trade Talks Progress

The cryptocurrency market demonstrated resilience amidst global uncertainty, driven by positive response to easing inflation concerns and progress in the US-China trade negotiations. Today’s Consumer Price Index (CPI) report indicated a 2.4% annual inflation rate, potentially reducing pressure on stocks and strengthening the US dollar. While the S&P 500 index saw some pullback, Bitcoin surpassed $109,000 and Ether (ETH) gained 3%. This divergence suggests investors are increasingly turning to crypto as a potential alternative hedge during times of economic uncertainty.