Ethereum was once again volatile on Wednesday, as prices of the token fell below $1,700 ahead of the latest U.S. inflation report. However, following the report, which came in at 8.5% in July, the token surged back above this point. Bitcoin was trading lower, as it continued to hover below $24,000.

Bitcoin (BTC) was once again trading below $24,000 in today’s session, as the token continued to react to increased levels of market turbulence.

Wednesday saw the world’s largest cryptocurrency fall to an intraday low of $22,771.52, which comes less than a day after trading above $23,900.

Today’s low saw BTC/USD drop to its lowest point in the past five days, and this came ahead of the release of the latest U.S. inflation report.

After starting the day lower, ethereum (ETH) was also buoyed by the better-than-expected consumer price index (CPI) report.

ETH/USD began the day trading at a bottom of $1,665.09. However, as we neared the release of the data, prices climbed by over $100.

As of writing, ethereum is trading at a day’s high of $1,761.56 and rising, as bulls reentered the market following recent consolidation.

For Full details check the source : 

Dear banter family BTC slumped from $24K to $22.5K in couple of days ETH started day  from 1665 and gained 100$ through out the day  which is good recovery in next few days i think BTC will go in between $23K to $24K and ETH in between $1800 to $ 1900 whats you opinion my friends .