With the announcement of the US Consumer Price Index (CPI) expectations, a small movement was seen in Bitcoin (BTC).
US October inflation on an annual basis in the past minutes 3.3% correspond to expectation as 3.2% announced. Dollar index rises as data falls below expectations (DXY) While Bitcoin is moving downwards for $260 A near rise was observed.
Just before US inflation was announced 36,400 Bitcoin, traded at dollar levels, with data to $36,660 rose up. While the movement affects the entire cryptocurrency market Ethereum (ETH) too for $2,053 increased by .
According to CoinGecko data, Bitcoin, at the time of writing from $36,600 If Ethereum from $2,047 is being traded.
Inflation in the USA two months in a row increased, but no change was observed last month. With this data, the decline in inflation started again. With the decline in inflation, the US Federal Reserve’s (FED) policy of increasing interest has changed again. It is thought that it will relax.