Bitcoin (BTC), the leading cryptocurrency that has been running from record to record since Donald Trump's victory, fell from yesterday's $ 89,000 levels to $ 87,200.
While analysts expect a further rise in Bitcoin, critical inflation data that the FED attaches importance to in its interest rate decision was announced today.
Here is the data disclosed:
Consumer Price Index Annual: Announced 2.6% – Expected 2.6% – Previous 2.4%
Consumer Price Index Monthly: Announced 0.2% – Expected 0.2% – Previous 0.2%
Core Consumer Price Index Annual: Announced 3.3% – Expected 3.3% – Previous 3.3%
Core Consumer Price Index Monthly: Announced 0.3%– Expected 0.3%– Previous 0.3%
The consumer price index is an important variable used to measure consumer purchasing trends and U.S. inflation changes.
Bitcoin's First Reaction After CPI Data!
*This is not investment advice.