Most cryptocurrencies posted gains on Wednesday, February 15th after days of market turmoil Bitcoin grew by 2.18% on both national and international exchanges Bitcoin, at the time of writing, hit $22,100 in the last 24 hours BTC is up $ 395 dollars.
Ether followed Bitcoin for significant gains, and Ether is trading at $1,548 with a 3.55% rise in its value, according to Gadgets 360 .
The overall valuation of the cryptocurrency market is up 2.44% over the past 24 hours, at the time of writing, with the cryptocurrency market cap at $1.03 trillion, according to CoinMarketCap .
“With the release of the very important data today, the US Consumer Price Index (CPI) and inflation data, all eyes are on this event which will give more clarity towards the macroeconomic developments and sentiments of the cryptocurrency markets, ” the CoinDCX team told .
Wall Street economists expect inflation from January 22nd to January 23rd to be lower and reach 6.2%. This will create new liquidity in the markets and we could see the total market capitalization of cryptocurrencies grow in the coming weeks.”