Bitcoin's Remarkable Rally

In a significant upturn, Bitcoin's value soared by over 2% on Wednesday, reaching a staggering $99,000. This surge is largely attributed to the latest inflation figures released in the United States, indicating an annual inflation rate of 2.9% in December. Despite a slight increase from November's 2.7%, the inflation rate remained within the anticipated range, with core inflation witnessing a decrease from 3.3% to 3.2%.

Ethereum Follows Suit

Not to be left behind, Ethereum also experienced a boost, climbing 1.86% to reach $3,282.0665 at the same time. This simultaneous growth underscores the cryptocurrency market's responsiveness to macroeconomic indicators, further solidifying its position as a dynamic component of the global financial landscape.