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 recovered slightly after the latest U.S. inflation report, which revealed softer core CPI data but higher-than-expected headline CPI. Visit Website Go to Source Author: coinmaker