Crypto NewsBitcoinLast Minute: US Inflation Data Announced, Bitcoin Passed $28,000!

Last Minute: US Inflation Data Announced, Bitcoin Passed $28,000!

Inflation data, which will form the basis of the Fed's interest rate decision in June, were announced.

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Expected critical inflation data in the USA were announced. Here is the data disclosed:

  • Consumer Price Index Monthly – Announced: 0.4% – expected 0.4%
  • Consumer price index Annual – Announced: 4.9% – expected: 5%
  • Core CPI MoM – Announced: 0.4% – expected: 0.4%
  • Core consumer price index Annual – Announced: 5.5% – expected: 5.5%

Bitcoin and Dollar's Initial Reaction

After the announced data, the first reaction of Bitcoin and the dollar took place as follows.



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