While Bitcoin rose above $ 26,000 again with the rise yesterday, critical inflation data expected from the USA was announced.
Here is the announced data:
Consumer price index Monthly: Announced 0.6% – expectation 0.6% – previous 0.2%
Consumer price index Annual: Announced 3.7% – expectation 3.6% – previous 3.2%
Core Consumer Price Index monthly: Announced 0.3% – expectation 0.2% – previous 0.2%
Core Consumer price index Annual: Announced 4.3% – expected 4.3% – previous 4.7%
The consumer price index is an important variable used to measure changes in consumer purchasing trends and US inflation.
A higher than expected value means a positive/bull market for the USD, and a lower than expected value means a negative/bear market for the USD.
First Reaction of Bitcoin and Dollar!
The first reaction of Bitcoin and the dollar after the announced data was as follows.
After the CPI data announced today, PPI (Producer Price Index) data will be announced tomorrow.
*This is not investment advice.