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- Inflation up, Bitcoin down 🔃
Inflation up, Bitcoin down 🔃
Bitcoin dipped to lows of $94,250 on the back of Wednesday’s CPI print, while Ethereum and Solana also slipped.
Stephen Graves
February 12, 2025
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📝 What you need to know
With the CPI up 3% in the 12 months through January, Fed rate cuts are “off the table for the time being,” sending Bitcoin and other cryptocurrencies on a downward trajectory over the short term.
Bitcoin dipped to lows of $94,250 on the back of Wednesday’s CPI print, while Ethereum and Solana also slipped.
It’s not all bad news though, with Goldman Sachs revealing that it had increased its Bitcoin ETF holdings to $1.57 billion, and the SEC opening public comment on four Solana ETF applications.
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Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (866)-775-0313 or visit our website at etfs.grayscale.com/mnrs. Read the prospectus or summary prospectus carefully before investing. MNRS is distributed by Foreside Fund Services, LLC and Grayscale Advisors, LLC is the adviser.
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