Crypto NewsBitcoinBREAKING! US Inflation Data Announced! What Was the First Reaction of...

BREAKING! US Inflation Data Announced! What Was the First Reaction of Bitcoin (BTC) and Dollar (DXY)?

Critical inflation data expected from the USA has been announced.

Follow Bitcoin Sistemi Google News Button

The leading cryptocurrency Bitcoin has fallen to $ 53,500 in recent weeks due to sales pressure caused by Mt.Gox refunds and German government sales. However, with the upward momentum that started over the weekend, BTC rose above $ 59,000 this week.

While BTC moved above $ 58,000, critical inflation data expected from the USA and applications for unemployment benefits were announced.

Here is the announced data:

Consumer Price Index Monthly: Announced -0.1% Expected 0.1% – Previous 0.0%

Consumer Price Index Annual: Announced 3.0% – Expected 3.1% – Previous 3.3%

Core Consumer Price Index Monthly: Announced 0.1% – Expected 0.2% – Previous 0.2%

Core Consumer Price Index Annual: Announced 3.3% – Expected 3.4% – Previous 3.4%

 

Applications for Unemployment Benefits: Announced 222k – Expected 236k – Previous 238k

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!

*This is not investment advice.



Buradaki Yorumlardan Bildirim Al
Bildir
guest

0 Comments
Inline Feedbacks
View all comments

Popular Posts of the Week