Crypto is starting the trading day in Asia fairly flat after a promising U.S. Consumer Price Index pushed Bitcoin above $28,000. Bitcoin is now trading at $27,618, according to CoinDesk market data, which makes it effectively flat. Ether is down from 0.4% to $1,838. Katie Stockton said during a recent appearance on CoinDesk TV that overall the crypto market likes the lower CPI numbers but doesn’t expect price appreciation yet. Stockton expects Bitcoin to pull back to its base breakout point of about $25,200. However, she still sees an upward trend in the intermediate term. Stockton also sees a short-term setback for Ether.
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