Bitcoin (BTC), the leading cryptocurrency that has been running from record to record since Donald Trump's victory, recently exceeded the critical threshold of $ 100,000, but could not hold on there and has experienced pullbacks in recent days.
While analysts stated that this decline in Bitcoin is normal and that they expect a further increase, critical inflation data that the FED attaches importance to for its interest rate decision was announced today.
Here is the data disclosed:
Consumer Price Index Annual: Announced 2.7% – Expected 2.7% – Previous 2.6%
Consumer Price Index Monthly: Announced 0.3% – Expected 0.3% – 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.
