Inflation data, which is also of great importance for the Bitcoin and cryptocurrency markets, was published in the USA today.
Here are the announced data and expectations before the data:
- US Core Consumer Price Index (CPI) Monthly (Expected: 0.3%, Actual: 0.4%)
- US Consumer Price Index (CPI) Monthly (Expected: 0.3%, Actual: 0.4%)
- US Consumer Price Index (CPI) Annual (Expected: 3.4%, Actual: 3.5%)
After the data, Bitcoin fell below $ 68000.
FED minutes will be published this evening at 21:00 Turkey time (UTC+3) and you can instantly follow this important data as a last-minute development on our Bitcoinsistemi.com news portal.
Ahead of the data, FxPro Senior Market analyst Alex Kuptsikevich said in a message that demand for Bitcoin and major altcoins in the Asian session represents trading optimism and warned of a potential burst of volatility following the release of the US consumer price index on Wednesday.
“The US CPI report, which has caused a similar increase in volatility as the NFP [nonfarm payrolls report] in recent years, has impressive potential to impact the market on Wednesday,” Kuptsikevich said.
*This is not investment advice.