Cryptocurrencies are rising in price

🟩 The second week of September proved successful for cryptocurrencies. Most coins increased in value, but it is still too early to speak of the start of a bull rally. Bitcoin gained 7.3% in price during the week from September 6 to 13, 2024. Ethereum’s price rose by 6.03%, and Solana increased by 7.59%, once again surpassing the psychological mark of $130.

🟩 One of the reasons for this positive trend could be the inflation data in the US. According to the Lookonchain platform, the Consumer Price Index (CPI) in August rose by 2.5% year-on-year. This suggests that inflation has been falling for five consecutive months. It can be concluded that the US economy is beginning to stabilize. As a result, investors are becoming more willing to invest in riskier assets like BTC.