Core

Bitcoin

With the recent rally, Bitcoin (BTC) surpassed its previous ATH and rose above $ 72,000. 
While the question continues to be asked whether the rally in BTC will continue, the critical inflation data expected from the USA has been announced. 
Here is the announced data: 
Consumer Price Index Monthly: Announced 0.4% – Expected 0.4% – Previous 0.3% 
Consumer Price Index Annual: Announced 3.2% – Expected 3.1% – Previous 3.1% 
Core Consumer Price Index Monthly: Announced 0.4% – Expected 0.3% – Previous 0.4% 
Core Consumer Price Index Annual: Announced 3.8% – Expected 3.7% – Previous 3.9% 
The consumer price index is an important variable used to measure changes in consumer purchasing trends and US inflation. 
A higher than expected value means a positive/bull market for the USD, and a lower than expected value means a negative/bear market for the USD. 
<h2 id="first-reaction-of-bitcoin-and-dollar">First Reaction of Bitcoin and Dollar!</h2> 
The first reaction of BTC and dollar after the announced data was as follows. 
<img decoding="async" class="alignnone wp-image-137213 size-large" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/03/btc-dxys-1024x453.png" alt="" width="696" height="308"> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-us-inflation-data-announced-what-was-the-first-reaction-of-bitcoin-and-the-dollar/">BREAKING! US Inflation Data Announced! What Was the First Reaction of Bitcoin and the Dollar?</a>

BREAKING! US Inflation Data Announced! What Was the First Reaction of Bitcoin and the Dollar?

Table of Contents

Bitcoin Sistemi EN

Other articles published on Mar 12, 2024

Former FTX Execs’ Backpack Straps on for UK Expansion After $17M Funding

Google Tightens Chatbot Controls Ahead of Elections

Biden’s 30% Tax Proposal: A Threat to U.S. Bitcoin Mining?

Bitcoin Soars Past $70,000: Analysts Anticipate Potential Market Retracement

Mastercard Tests On-Chain Card and Advances in Web3 Payment Services

Is XRP Golden Cross Imminent?

Join our free newsletter for daily crypto updates!