BREAKING! US Inflation Data Announced! What Was the First Reaction of Bitcoin (BTC) and Dollar (DXY)?
The critical inflation data expected from the USA has been announced.
The leading cryptocurrency Bitcoin (BTC) has been on a bumpy path lately and is having a hard time breaking above $60,000 and holding on to it.
While the FED's interest rate decision is expected next week for the increase, today the critical inflation data that the FED attaches importance to in its interest rate decision was announced.
Here is the data disclosed:
Consumer Price Index Annual: Announced 2.5% – Expected 2.5% – Previous 2.9%
Consumer Price Index Monthly: Announced 0.2% – Expected 0.2% – Previous 0.2%
Core Consumer Price Index Annual: Announced 3.2% – Expected 3.2% – Previous 3.2%
Core Consumer Price Index Monthly: Announced 0.3%– Expected 0.2%– Previous 0.2%
The consumer price index is an important variable used to measure consumer purchasing trends and U.S. inflation changes.
A higher than expected value means positive/bullish for the USD, a lower than expected value means negative/bearish for the USD.
Bitcoin and Dollar's First Reaction After CPI Data!
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Metaplanet and El Salvador are buying the Bitcoin dip
Santiment: "Whales Flock to These 10 Altcoins as Bitcoin (BTC) Falls!"
Santiment announced the 10 altcoins that experienced the highest increase in whale activity.
BTC falls below $87,000
ETH falls below $2,400
Trending news
MoreCrypto prices
More








