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Cryptocurrencies Price Prediction: Solana, Aptos & Cryptos– American Wrap 14 February

Cryptocurrencies Price Prediction: Solana, Aptos & Cryptos– American Wrap 14 February
FXStreet TeamFXStreet TeamFXStreet

Will the US CPI data release bar Solana's price from marking a 32% rally?

Solana price reacted positively despite the United States Consumer Price Index coming in above expectations at 6.4% year on year. Following the broader market bullish reaction, Bitcoin price also climbed to $22,300 at the time of writing.
SOL/USD 1-day chart
Aptos (APT) price is stuck between a rock and a hard place after the all-important US Consumer Price Index (CPI) data was released. On one hand, the US inflation numbers were a bit lower but, on the other hand, they are still very much elevated. 
APT/USD daily chart
The United States Consumer Price Index (CPI) was expected to dive further than it did for the month of January 2023, and crypto markets have reacted with a limited sell-off reaction.
US CPI data

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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