# Bullish

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

**Published by:** [aundingoya.eth](https://paragraph.com/@aundingoya.eth/)
**Published on:** 2024-06-13
**URL:** https://paragraph.com/@aundingoya.eth/bullish

## Content

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.

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