Bitcoin (BTC) price shoots higher as US inflation, both the core and the overall number, are coming out lower than expected. Both data points broke below the lowest estimation from analysts and triggered an upside surprise, mainly caused by energy prices. Food and rent are still causing the most headaches for the households, but their budget is getting some air while the Fed is now secured to hike only 50bp on Wednesday instead of the feared 75bp.
Ethereum (ETH) price is set to enter the final and most volatile week of the year, with today on the menu as the first big catalyst that could determine price action for the coming weeks and possibly even January. US CPI numbers are set to be published today, and markets want a) a drop from last month and b) preferably a number lower than 7.3%. Traders trading this event will want to read further on the possible projections and what it means for Ethereum price valuation.
Terra ecosystem’s stablecoin USDD lost its $1 peg and has slipped to the $0.97 level. Justin Sun has alleviated fears of users in the Tron ecosystem and informed them that he is deploying more capital to re-establish USDD’s $1 peg.
