Inflation and Bitcoin$BTC

The study demonstrated that reports on the CPI do not have a significant impact on the asset's price. As an example, analysts cited the period from March to April 2022, when the consumer price index showed a decrease from 8.5% to 8.3% year-on-year. During the same period, Bitcoin collapsed by 11%, experts emphasized.

The situation was different from September to October 2022. At that time, the CPI report showed a decrease from 8.2% to 7.7%, while the cryptocurrency showed a growth of 9.68% over the same period.

One of the recent examples concerns data from May 2024. At that time, representatives of the American authorities announced a decrease in inflation from 3.5% to 3.4%. One day after the publication of this information, the price of Bitcoin jumped by 7.02%.

In other cases, the first cryptocurrency did not react at all to inflation reports. This, by the way, happened after the publication of data for September 2024. The CPI index decreased from 2.5% to 2.4%, but the first cryptocurrency ignored this news. In other words, the logic suggested regarding the relationship between the price of Bitcoin and CPI announcements does not manifest in the data.$MASK $WLD