Bitcoin, which broke new records after Donald Trump's victory, has been in a downward trend for a long time. At this point, BTC, which fell below $ 90,000, recovered and rose above $ 97,000.
While it is evaluated that the approaching day of Trump's inauguration was effective in this recovery, following the PPI data announced yesterday, 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 2.9%– Expected 2.9%– Previous 2.7%
Consumer Price Index Monthly: Announced 0.4% – Expected 0.4% – Previous 0.3%
Core Consumer Price Index Annual: Announced 3.2% – Expected 3.3% – Previous 3.3%
Core Consumer Price Index Monthly: Announced 0.2% – 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.