Crypto weekly wrap: Tokens recover after plunging post-US inflation data

Bitcoin rose by almost 4 per cent after dropping to its lowest at $18,300 post-US inflation data was released

The cryptocurrency market has been trading in the green since the release of US inflation data on Thursday. Bitcoin, the largest digital token by market capitalisation, gained nearly 4 per cent. Ethereum was also up 4 per cent. Almost all the other major digital tokens like BNB, Cardano, Solana, and Tether were also in the green, according to coinmarketcap.

The rise has been attributed to a fall in US inflation. At 8.2 per cent in September, the inflation was higher than the expected 8.1 per cent but lower than August's 8.3 per cent.

"Bitcoin traded most of the week flat and rose