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

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

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.

First Reaction of Bitcoin and Dollar!

The first reaction of BTC and dollar after the announced data was as follows.

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

*This is not investment advice.