Bitcoin Market Braces For CPI Figures: Will BTC Rally Or Retreat Today?
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As the highly anticipated US Consumer Price Index (CPI) data for June is set to be released today at 8:30 am EST, the Bitcoin (BTC) market finds itself at a crucial crossroads. With inflation concerns lingering and the Federal Reserve’s next moves under scrutiny, market participants eagerly await the impact of the CPI figures on BTC’s price trajectory. The expectations are as follows: Headline y/y at 3.1% (last 4.0%) Headline m/m at 0.3% (last 0.1%) Core CPI y/y of 5.0% (last 5.3%) Core CPI m/m of 0.3% (last 0.4%) The Fed’s Battle Against Inflation In recent months, inflationary pressures have
The US Consumer Price Index (CPI) rose 3.4% on an annualized basis in December, causing Bitcoin (BTC) to fall slightly. The so-called core CPI, which strips out food and energy costs, came in 0.1% above expectations and was up 3.9% year-on-year. Core CPI rose 0.3% monthly, on par with estimates,…
Bitcoin (BTC) reacted sharply to today’s hotter-than-expected US Consumer Price Index (CPI) report, dropping from around $96,600 to as low as $94,088. Notably, BTC was already trending downward due to escalating geopolitical tensions following Donald Trump’s proposed tariffs on all aluminum and steel imports. Bitcoin Slumps Amid Surprising Inflation Data…