The crypto market was buoyed by a softer than expected CPI print, with bitcoin BTC$110,231.23 rising back above $110,000 as ether ETH$3,907.62 moves back towards $4,000.

Positive investor sentiment appears to be strongly aligned with bitcoin, with CoinMarketCap’s “altcoin season” indicator hitting its lowest level in more than 90 days, as bitcoin dominance continues to rise.

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Author: Jacob Joseph