After the US May inflation data was announced as 4%, below expectations, it triggered the rise in Bitcoin (BTC).
In the past few minutes, the market 4.1% below expectation 4% announced inflation data, in Bitcoin 350 dollars triggered the rise.
Before disclosure $26,100Bitcoin, which is at level a, with the explanation $26,430up to Ethereum (ETH) $1,767has been on the rise. Altcoins, on the other hand, were generally green. Bitcoin, at the time of writing, according to Coinecko data $26,270traded from.
in the USA inflation for a while continues its downward trend. April inflation 5% below expectations 4.9% was disclosed.
On the other hand, although the possibility of the US Federal Reserve (FED) to drop the interest rate hikes has somewhat relieved the market, the last 25 basis point rate hike in 3 meetings performed. With the incoming May data Fed’s interest rate increment failure to perform probability is expected to increase.
According to the data released, the USA’s fight against inflation is progressing successfully. This global with data markets and the cryptocurrency market. experiencing comfort Waiting.
However, despite these predictions What is the Fed’s policy? It’s pretty interesting to watch.