The US inflation rate slowed to 2.5% in August, down from the previous month's 3.2% figure. This moderation in the pace of price increases has led to a pullback in the crypto market, with Bitcoin, Ethereum, and other major digital assets experiencing a decline in value.

Bitcoin, the flagship cryptocurrency, is currently trading at $57,062.00, down from recent highs. Ethereum, the second-largest cryptocurrency, is priced at $2,342.91, while Binance Coin (BNB) and Solana (SOL) are trading at $519.81 and $132.96 respectively.

The slower inflation data suggests that the Federal Reserve may be able to ease its aggressive monetary tightening, which could provide some relief for the crypto market. However, investors remain cautious, as the central bank's future policy decisions will be closely watched.

Source: https://decrypt.co/248901/bitcoin-ethereum-us-inflation-august

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