$758 Million Liquidated in 24 Hours as Bitcoin and Ethereum Rebound Post-CPI

Bitcoin and Ethereum saw a strong recovery following the release of the U.S. August CPI data, which the market appears to have already priced in. The rebound resulted in $758 million in liquidations across the market, with Ether climbing as much as 8.3% after altcoins faced downward pressure earlier in the day.