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BREAKING! US Inflation Data Released! What Was Bitcoin's (BTC) First Reaction?

BREAKING! US Inflation Data Released! What Was Bitcoin's (BTC) First Reaction?

BitcoinsistemiBitcoinsistemi2024/10/10 15:33
By:Elif Azra Güven

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 struggling to hold onto the $60,000 mark.

While experts are waiting for the CPI data and the FED interest rate decision to be announced in November for the increase, today the critical inflation data that the FED attaches importance to for its interest rate decision was announced.

Here is the data disclosed:

Consumer Price Index Annual: Announced 2.4% – Expected 2.3% – Previous 2.5%

Consumer Price Index Monthly: Announced 0.2%– Expected 0.1% – Previous 0.2%

Core Consumer Price Index Annual: Announced 3.3% – Expected 3.2% – Previous 3.2%

Core Consumer Price Index Monthly: Announced 0.3%– Expected 0.2%– 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!

BREAKING! US Inflation Data Released! What Was Bitcoin's (BTC) First Reaction? image 0 BREAKING! US Inflation Data Released! What Was Bitcoin's (BTC) First Reaction? image 1

*This is not investment advice.

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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.

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