Cryptocurrencies Price Prediction: Bitcoin, MATIC & MOON – American Wrap 14 November
US CPI annual inflation comes in at 3.2%, below expectations; Bitcoin price cements $36,500 as support
The United States Consumer Price Index (CPI) data, which is a measure of retail inflation, came in slightly below the market’s expectations. The impact of a lower headline CPI inflation will not only be visible on the stock markets but also on the value of cryptocurrencies such as Bitcoin.
MATIC, a Layer 2 scaling token, is rallying after yielding 26.46% gains for holders over the past week. Polygon’s native token’s gains are likely sustainable as the altcoin has been leaving exchanges in large volumes since October 4.
Prices of MOON token, which is tied to the shuttered Community Points program of Reddit, more than doubled over the past 24 hours, as some moderators banded to revive the project and continue it independently.
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