Leading cryptocurrencies gave up their early morning gains as the cooler-than-expected inflation data ended up becoming a ‘buy the rumor, sell the news’ event. What Happened: Bitcoin soared above $59,000 early hours as the Consumer Price Index slowed more than expected in June. However, the rally was halted as investors started to take profits, causing King Crypto to stabilize back in the $57,000 zone. Ethereum followed a similar pattern, rising to nearly $3,200 before retracing to the early $3,100s. The Open Interest in Bitcoin futures rose 1.36% in the last 24 hours to $29.18 billion. Typica…
