Donald Trump’s new tariff rate move has negatively affected Bitcoin and altcoins. At this point, BTC is under high volatility, while altcoins are trying to fight the declines.
While analysts predict that the bottom is near for Bitcoin and altcoins, critical inflation data that the FED attaches importance to in its interest rate decision was announced today.
Here is the data disclosed:
Consumer Price Index Annual: Announced 3.0%– Expected 2.9%– Previous 2.9%
Consumer Price Index Monthly: Announced 0.5% – Expected 0.3% – Previous 0.4%
Core Consumer Price Index Annual: Announced 3.3% – Expected 3.1% – Previous 3.2%
Core Consumer Price Index Monthly: Announced 0.4%– Expected 0.3%– Previous 0.2%
The consumer price index is an important variable used to measure consumer purchasing trends and U.S. inflation changes.
Bitcoin’s First Reaction After CPI Data!
*This is not investment advice.
Continue Reading: BREAKING! US Inflation Data Announced! Here’s Bitcoin’s (BTC) First Reaction!
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