Bitcoin, which failed in its attempt at $ 38,000 last week, continues its horizontal movements between $ 36,000-37,000.
While investors hope that BTC will rise further, critical inflation data expected from the USA has been announced.
Here is the announced data:
Consumer Price Index Monthly: Announced 0.0% – Expected 0.1% – Previous 0.4%
Consumer Price Index Annual: Announced 3.2% – Expected 3.3% – Previous 3.7%
Core Consumer Price Index Monthly: Announced 0.2% – Expected 0.3% – Previous 0.3%
Core Consumer Price Index Annual: Announced 4% – Expected 4.1% – Previous 4.1%
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.