Inflation figures for December releasedDecember CPI data exceeded expectations and inflation rose6.5%. TThe U.S. Labor Department Audit Office released data on the customer cpi Index (CPI) for December. The market for login password sales rose slightly, with the vast majority of property dark green in the minutes before the data were released. The consumer price index for November was 7.10%.

As of this writing, the price of bitcoin was $18221.71, up 4.61% in the previous 24 hours, according to CoinGape price tracker. However, BTC prices have fallen by about 0.31% in the past hour, and BTC prices soared immediately after the previous data were released. Similarly, after the release of CPI inflation data, ETH prices fell by only 0.16%. However, with the news of the cooling of inflation, the stock market was mainly cheerful. In response, the Nasdaq composite index rose 1.76 per cent today.

Continued good news for the encryption market

The consumer price index is the main indicator of price changes over a period of time. The index data are used by the Federal Reserve to determine interest rate hikes. The decline in inflation is important to the economy in many ways. The inflation rate of 6.50% over the same period has the lowest foreign inflation rate since October 2021. Although the login password market made a conscious reaction to the falling price of CPI data, from a trader's point of view, the cooling of inflation is likely to be helpful.

Reducing inflation means that the average cost of living for login password traders is lower. As a result, this means that traders will be able to make value for potential investments such as data encryption.