Crypto steadies as Middle East tensions counter U.S. inflation report boost
CoinDesk·
60-second summary
Bitcoin holds steady at a three-week high as Middle East tensions counterbalance gains from Tuesday's softer-than-expected U.S. inflation numbers, which initially boosted the market. The 2.1% annual inflation rate is lower than expected, but escalating tensions between the U.S. and Iran are dampening the market's enthusiasm, keeping Bitcoin prices stable for now.
Bitcoin held steady at a three-week high as rising tensions between the U.S. and Iran reined in gains from Tuesday's softer-than-expected inflation numbers.