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

With the announcement of the US Consumer Price Index (CPI) above expectations, there was activity in Bitcoin.

US August 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 $260 imminent retreat observed

Bitcoin, which was traded at $ 26,270 just before the US inflation was announced, along with the data for $26,010 fell to . While the movement affects the entire cryptocurrency market Ethereum (ETH) too for $1,593 decreased by .

According to CoinGecko data, Bitcoin is more than USD at the time of writing. from $26,135 If Ethereum from $1,597 is being traded.

Inflation in the USA has been on a downward trend for some time, but in the past two months in a row experienced an increase. With this increase, it began to be thought that the US Federal Reserve (FED) would not make any relaxation in its interest rate increase policy.

If the FED continues to increase interest rates, Bitcoin and cryptocurrencies It is estimated that it will not experience major increases for a while.

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