Last minute! First US Inflation Data of 2024 Announced! Here is the First Reaction of Bitcoin and Dollar!

SEC spot Bitcoin ETFand signed a landmark decision for the Bitcoin and cryptocurrency industry.

At this point, while Bitcoin did not react as big as expected to this decision, altcoins attract attention with their rise.

at this point BTC Biggest altcoin as it rises above $46,000 Ethereum (ETH) has increased by approximately 10% in the last 24 hours, rising above $2,600.

While the interest of the market and investors continues to be on ETF approval news, critical inflation data expected from the USA has been announced.

Here is the announced data:

Consumer Price Index Monthly: Announced 0.3% – Expected 0.2% – Previous 0.1%

Consumer Price Index Annual: Announced 3.4% – Expected 3.2% – Previous 3.1%

Core Consumer Price Index Monthly: Announced 0.3% – Expected 0.3% – Previous 0.3%

Core Consumer Price Index Annual: Announced 3.9% – Expected 3.8% – Previous 4.0%

The consumer price index is an important variable used to measure changes in consumer purchasing trends and US inflation.

A higher than expected value means a positive/bull market for the USD, and a lower than expected value means a negative/bear market for the USD.

First Reaction of Bitcoin and Dollar!

After the announced data Bitcoin and the first reaction of the dollar was as follows.

*This is not investment advice.