While Bitcoin fell below $ 27,000 yesterday, critical inflation data expected from the USA was announced.
Here is the announced data:
- Consumer Price Index Monthly: Announced 0.4% – Expected 0.3% – Previous 0.6%
- Consumer Price Index Annual: Announced 3.7% – Expected 3.6% – Previous 3.7%
- Core Consumer Price Index Monthly: Announced 0.3% – Expected 0.3% – Previous 0.3%
- Core Consumer Price Index Annual: Announced 4.1% – Expected 4.1% – Previous 4.3%
Apart from the CPI data, data on applications for unemployment rights were also announced.
- Applications for Unemployment Rights: Announced 209k – Expected 210k- Previous 207k
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.
*This is not investment advice.