Positive data on pro-inflation in the USA "cheered up" the crypto market

On September 10, negative data on core inflation was released in the USA. Against this backdrop, Bitcoin returned to $114,000 for the first time since the end of August, while Ethereum rose to $4,400.

The producer price index was 2.6% year-on-year - the lowest reading since June. The figure was below expectations of 3.3%, and also decreased from the previous level by 3.3%.

In August, the index was -0.1% compared to the forecast of 0.3% and the previous figure of 0.9%.

The largest growth among the top 10 cryptocurrencies by market capitalization was shown by Solana. The price of the asset increased by 3% to $223. At one point, quotes jumped to $225, the highest since January.
On September 11, data on the consumer price index for August will be released. Unity Wallet's Chief Operating Officer James Toledano noted that the final decision of the Federal Reserve on the key rate will depend on these data.

"Lower values often fuel optimism regarding a policy easing and stimulate the growth of the crypto market, while high values provoke corrections. Historical patterns confirm the sensitivity of digital assets to inflation data as an indicator of the direction of monetary policy," he added.