While Bitcoin rose above $ 50,000 with the decrease experienced yesterday, critical inflation data expected from the USA was announced.
Here is the announced data:
Consumer Price Index Monthly: Announced 0.3% – Expected 0.2% – Previous 0.2%
Consumer Price Index Annual: Announced 3.1% – Expected 2.9% – Previous 3.4%
Core Consumer Price Index Monthly: Announced 0.4% – Expected 0.3% – Previous 0.3%
Core Consumer Price Index Annual: Announced 3.9% – Expected 3.7% – Previous 3.9%
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 BTC and dollar after the announced data was as follows.
*This is not investment advice.