The post BREAKING! US Inflation Data Announced! Here is the First Reaction of Bitcoin (BTC) and Dollar (DXY)! appeared on BitcoinEthereumNews.com.

While the leading cryptocurrency rose above $61,000 following the US PPI data announced yesterday, the critical inflation data expected from the US was announced today. Here is the data disclosed: Consumer Price Index Annual: Announced 2.9% – Expected 3.0% – Previous 3.0% Consumer Price Index Monthly: Announced 0.2% – Expected 0.2% – Previous -0.1% Core Consumer Price Index Annual: Announced 3.2% – Expected 3.2% – Previous 3.3% Core Consumer Price Index Monthly: Announced 0.2%– Expected 0.2%– Previous 0.1% 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. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/breaking-us-inflation-data-announced-here-is-the-first-reaction-of-bitcoin-btc-and-dollar-dxy/

---

Filed under: News - @ August 15, 2024 12:23 am