Bitcoin and Ethereum had a volatile session today as investors reacted to the data from the U.S. Labor Department, which showed that US inflation rose to 7.5%. This represents the fastest rate in 40 years for a CPI climb.

Bitcoin was trading near $45,000, before dropping to as low as $43,400 on CPI data release. At the end of the day, the cryptocurrency price was trading around $44,000.

Cameron Winklevoss, the co-founder of the cryptocurrency exchange Gemini, shared his comments on CPI data, mentioning that it is the opportune moment for crypto assets.