With the announcement of the US Consumer Price Index (CPI) above expectations, a small movement was seen in Bitcoin (BTC).
US September inflation on an annual basis in the past minutes 3.6% correspond to expectation as 3.7% announced. Dollar index rises as data exceeds expectations (DXY) Bitcoin moves upwards for $120 imminent retreat observed.
Just before US inflation was announced 26,870 Bitcoin, traded at dollar levels, with data for $26,750 fell to . While the movement affects the entire cryptocurrency market Ethereum (ETH) too to $1,546 decreased by .
According to CoinGecko data, Bitcoin is more than USD at the time of writing. from $26,780 If Ethereum from $1,548 is being traded.
Inflation in the USA two months in a row After experiencing an increase, it remained stable this month. As inflation has not decreased, the US Federal Reserve (FED) has not made any changes in its interest rate increase policy. will not relax started to be considered.
If the FED continues to increase interest rates Bitcoin And cryptocurrencies It is estimated that it will not experience major increases for a while.