Cryptocurrencies relieved that US inflation was not above expectations

There has been quite a reaction now to the latest US inflation print. That has seen the dollar fall and the US equity futures brush off the news. Also the major cryptocurrencies are higher too, but in truth they were on the march before the data was released. Notwithstanding that fact, the likes of BTC and Ether are have made further gains with both hitting session highs following the release of the CPI data. Bitcoin is approaching 44k now and Ethereum (ETHUSD) has further extended upon its technical break above $3,260. That move was noted here earlier today and now it has lifted to a fresh session high at $3,378. It has just backed away from that high right now. As to where it heads to next will probably rest with how the US stocks and bonds trade when they reopen shortly. ETHUSD is just now trading at $3,354