# Bullish

*US Inflation Eases to 3.3%, Sparks Crypto Market Surge*

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-06-13

---

In a surprising turn, May saw a halt in inflation with the CPI rate dropping to 3.3%, defying expectations of a rise. Core CPI rose modestly, up 0.2% monthly and 3.4% annually, lower than anticipated.

This unexpected dip in inflation triggered a bullish wave in the crypto market. Bitcoin surged by 2.64% and Ethereum surpassed $3,600, marking a significant shift from recent bearish trends.

---

*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/bullish)*