Donald Trump’s new tariff move and economic uncertainty continue to negatively affect Bitcoin and altcoins.
At this point, BTC and altcoins are under high volatility and are trying to combat the declines.
While analysts generally expect Bitcoin to bottom around $70,000, critical inflation data that the FED attaches importance to in making interest rate decisions was announced today.
Here is the data disclosed:
Consumer Price Index Annual: Announced 2.8% – Expected 2.9% – Previous 3.0%
Consumer Price Index Monthly: Announced 0.2% – Expected 0.3% – Previous 0.5%
Core Consumer Price Index Annual: Announced 3.1% – Expected 3.2% – Previous 3.3%
Core Consumer Price Index Monthly: Announced 0.2%– Expected 0.3%– Previous 0.4%
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.
