Cryptonews

Unraveling the World of Crypto - One News at a Time

Hot inflation data pours cold water on Federal Reserve rate cut hopes

CoinDesk Published 12.05.2026 12:47

Bitcoin was trading at $80,814 following the news, down 1.2% over the past 24 hours.

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Market Prices

Bitcoin

Bitcoin

$80,625.50

BTC -0.35%

Ethereum

Ethereum

$2,275.73

ETH -1.71%

XRP

XRP

$1.44

XRP -2.29%

Solana

Solana

$94.97

SOL -0.17%

Cardano

Cardano

$0.27

ADA -2.97%

Stellar

Stellar

$0.16

XLM -2.82%

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