Bitcoin hits 2-month high

The world’s largest cryptocurrency has gained more than 2 percent in the last 24 hours, rising to the level of $ 24,873. Bitcoin is at the level of 24 thousand 315 at 19.43 Turkey time.

Bitcoin’s price has hit its highest level since it recorded $26,857 on June 13.

Ethereum, on the other hand, reached a 2-month high. Ethereum’s price has climbed more than 3% in the last 24 hours to $1,931.

Parallel to the positive course in the global stock markets, an increase was recorded in the crypto money markets.

The global risk appetite, which increased after the inflation data that came below the expectations in the USA, also supported the crypto money markets.

According to the data announced yesterday in the country, the Consumer Price Index (CPI) did not change on a monthly basis in July, but increased by 8.5 percent on an annual basis.

Contrary to the expectations, the Producer Price Index (PPI), which was announced today, decreased by 0.5 percent monthly and increased by 9.8 percent annually, less than expected.

Analysts stated that after the inflation data that came below the expectations, the expectation that the US Federal Reserve (Fed) would loosen its ultra-hawk monetary policies increased.

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