The leading cryptocurrency, Bitcoin, continued its downward trend after the US Non-Farm Employment data announced last Friday, falling to the $ 66,000 level.
BTC, which rose above $ 67,000 again before the critical FED interest rate decision to be announced today, and the critical inflation data expected from the USA before the FED decision was announced.
Here is the announced data:
Consumer Price Index Monthly: Announced 0.0% – Expected 0.1% – Previous 0.3%
Consumer Price Index Annual: Announced 3.3% – Expected 3.4% – Previous 3.4%
Core Consumer Price Index Monthly: Announced 0.2% – Expected 0.3% – Previous 0.3%
Core Consumer Price Index Annual: Announced 3.4% – Expected 3.5% – Previous 3.6%
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 After CPI Data!
The first reaction of Bitcoin (BTC) and Dollar (DXY) after the announced data was as follows:
*This is not investment advice.