Crypto Market Soars After CPI Dip: Solana and Chainlink Lead Gains

The cryptocurrency market experienced a surge following the release of the latest Consumer Price Index (CPI) report, which came in below expectations at 2.7%. This positive news fueled anticipation for potential interest rate cuts from the Federal Reserve. Solana (SOL) climbed 12.9% to $198.48, while Chainlink (LINK) rallied 12.5% to $24.21. Ethereum (ETH) itself advanced to $4,670. However, the surge in leverage poses a significant risk of liquidation for altcoins. Further details are below.