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Analysis: Weak CPI and ETF Inflows Drive Strong Momentum for Altcoins

Summary: In a surprising turn of events, speculation on a dovish stance from the Federal Reserve, coupled with soft US CPI data and strong ETF inflows, have propelled altcoins higher, with Ethereum rising by 6% and Solana by 4%. Analysts suggest that Bitcoin may consolidate near its all-time high before retracing from recent peaks, creating room ...

In a surprising turn of events, speculation on a dovish stance from the Federal Reserve, coupled with soft US CPI data and strong ETF inflows, have propelled altcoins higher, with Ethereum rising by 6% and Solana by 4%. Analysts suggest that Bitcoin may consolidate near its all-time high before retracing from recent peaks, creating room for altcoins to catch up. (The Block)

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