With the announcement of the US Consumer Price Index (CPI) above expectations, a small downward movement was observed in Bitcoin (BTC).
US February inflation on an annual basis in the past minutes 3.1% above expectation 3.2% It was announced as. Dollar index rises as data exceeds expectations (DXY) Bitcoin moves upwards for $250 A near decline was observed.
Just before US inflation was announced 71,750 Bitcoin, traded at dollar levels, with data to $71,490 decreased by . While the movement affects the entire cryptocurrency market Ethereum (ETH) too for $3,977 retreated until. Bitcoin And Ethereum from the disclosure of data 1 min Then it started to rise again and exhibit harsh movements.
According to CoinGecko data, Bitcoin, at the time of writing from $72,111 If Ethereum from $4,020 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 3 times It is thought that there will be a one-point discount.
However, according to commentators, this inflation rate, which is contrary to expectations, indicates that future interest rate cuts will occur later.