According to Truflation analysis, Bitcoin and other assets with high levels of risk are performing well despite the statements from the USA.
The Consumer Price Index (CPI) announced by the US Department of Labor for January showed that the cost of living increased by 0.3% compared to the previous month. CPI exceeds market expectations on an annual basis up 3.1%.
Housing index, 0.6% monthly; It increased by 6% annually. While a 0.4% increase was announced in the food index, there was a 0.9% decrease in the energy index.
Bitcoin price fell for a short time after the data was announced 49 thousand dollars Even though it fell below for 50 thousand dollars started to approach.
Truflation analyst Oliver Rust said: “Although we saw a small-scale decline in Bitcoin after this news came out, assets with high risk levels, A decision to reduce interest rates will still be made in March “It acts as if the majority of the participants in the market do not have such an expectation.” said.
rust, “Unless we see an ease in economic data, interest rate cuts probably until May or June will be out of the question. But perhaps markets have accepted the fact that interest rates will remain high for longer and have learned to live with that reality.” he commented.