Ethereum was trading higher on Friday, as market volatility eased, following the latest U.S. inflation report. Core inflation rose 0.6%, with consumer prices up to 8.2%, higher than the expected 8.1%. Despite this, traders seem to have breathed a sigh of relief, as the uncertainty surrounding the report has now passed. Bitcoin moved closer to $20,000 on the news. Bitcoin Bitcoin ( BTC ) moved towards the $20,000 level on Friday, as uncertainty in crypto markets eased, following the latest U.S. inflation report. Despite consumer prices rising by more than expected, markets reacted positively, as speculation surrounding the report has faded. As a result of the report, BTC /USD rose to an intraday high of $19,835.17, less than 24-hours after trading at a low of $18,642.11. This rally has seen momentum shift once again, with several indicators now leaning more towards bullish territory. The 14-day relative strength index (RSI) is now back above the 50.00 mark, and is tracking at 51.
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