US Inflation Data Hits 2.7%: Triggers Violent Bitcoin Price Pump Back Above $100K
Today’s US inflation report revealed that Consumer Price Index (CPI) data hit exactly the target, showing a 2.7% year-on-year increase and 3.3% increase for the CPI core, bringing the price of Bitcoin back above $100,000. When inflation numbers match expectations, markets generally react favorably, including cryptocurrencies. Out of the news, BTC .cwp-coin-chart SVG path {stroke:; … Read more