Data on the slowdown in inflation from the US Bureau of Labor Statistics increased bullish sentiment in the cryptosphere.
Bitcoin not only settled above $25,000, but was also able to briefly test values above $26,000.
However, the largest digital currency was unable to maintain its positions at the maximum levels since the beginning of the summer of 2022 and switched to a correction.
The BTC rate sank on Tuesday evening, March 14, to $25,894. Over the past seven days, Bitcoin capitalization has increased by more than 15% to $501.206 billion.
Ethereum (ETH) after taking off at the beginning of the current week turned out to be less aggressive today. At the time of publication of this review, the largest altcoin was trading at $1,741.
Morgan Creek co-founder Anthony Pompliano tweeted that Bitcoin is gaining even amid high inflation data and a difficult environment in the US.
According to the businessman, investors are thus protesting against the rigid rate of the Federal Reserve System.
The American regulator is only deepening the crisis and increasing interest in instruments that may benefit from turbulence, Anthony Pompliano stressed.
