BREAKING NEWS 🔥 US Inflation Data Announced! Good or Bad for Bitcoin?

US inflation data, which is closely followed by the FED, has been announced.

Economic data from the USA has been followed in traditional financial markets and the cryptocurrency industry for a long time. Recently, the US Consumer Price Index (CPI), which is the main element of the interest policy of the US Federal Reserve (FED), was announced.

The inflation rate in the USA is seen as a data that can change all dynamics in the markets. Here is the latest US CPI data:

US Annual Consumer Price Index (CPI):

Previous: 3.5%

Expectation: 3.4%

Announced: 3.4%

US Monthly Consumer Price Index (CPI):

Previous: 0.4%

Expectation: 0.4%

Announced: 0.3%

US Annual Core Consumer Price Index (CPI):

Previous: 3.8%

Expectation: 3.6%

Announced: 3.6%

US Monthly Core Consumer Price Index (CPI):

Previous: 0.4%

Expectation: 0.3%

Announced: 0.3%

While annual US inflation data was announced in line with expectations, monthly data came below expectations. These data positively affected the leading cryptocurrency Bitcoin (BTC).

Bitcoin has made a 3% jump in the last minutes. If BTC remains above $63,000, it may ensure that the rise continues.