Bitcoin reached its highest level in more than two months with just a few days remaining before the July inflation report, APA-Economics reports CoinTelegraph.
The top cryptocurrency climbed 1.65% to $45,363 on Aug.8, continuing the upside momentum that has already seen it jumping 21.62% from its August 5 low of $37,300.
Momentum was strong among the Bitcoin rivals as well. Ether, the second-largest crypto by market cap, increased 29.78% from its Aug. 3 low of $2,630, crossing over $3,100 on Sunday. Its gains came after Ethereum's London hard fork went live on Aug. 5, which should add deflationary pressure to the supply of ETH.
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