After the US June inflation data was announced as 9.1%, Bitcoin experienced a sharp decline and fell from $ 20100 to $ 19300 within minutes.
in the past minutes as 9.1% announced inflation rate, on an annual basis 8.8% on a monthly basis if at 1.1% was expected.
Due to the fact that the inflation rate in the USA was above expectations, there was a significant decrease in Bitcoin and other markets. Bitcoin in minutes $800 while experiencing a loss Analyst and commentator continued the decline. he thinks he will.
As the inflation rate in May was above expectations, the US Federal Reserve increased interest rates by 75 basis points. It is normal for this month’s inflation rate to be above expectations. Expect a 75 basis point increase many financial institutions lead to update as 100 basis points thought to be open.
However, financial companies of 80% some part 75 basis points anticipating an interest rate hike 20% off if some It will increase by 100 basis points. started to think. The dollar index, which is known to move inversely with Bitcoin with the announced inflation data (DXY) to 108.5 levels experienced a rise.