US Inflation Data Announced: Here’s Bitcoin’s Reaction!

With the announcement of the US Consumer Price Index (CPI) above expectations, a small downward movement was observed in Bitcoin (BTC).

US December inflation on an annual basis in the past minutes 3.2% above expectation 3.4% It was announced as. Dollar index rises as data exceeds expectations (DXY) Bitcoin moves upwards for $650 A near decline was observed.

Just before US inflation was announced 47,450 Bitcoin, traded at dollar levels, with data to $46,800 decreased by . While the movement affects the entire cryptocurrency market Ethereum (ETH) too to $2,622 retreated until.

According to CoinGecko data, Bitcoin, at the time of writing from $47,000 If Ethereum from $2,637 is being traded.

Inflation in the USA increased in June and July in a row It increased but started to decline again. US Federal Reserve (FED) With no significant increase in the inflation rate, interest rate decisions this year 25 bases at least 4 times It is thought that there will be a one-point discount.

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