The latest US Consumer Price Index (CPI) report came in at a surprising 2.4%, revealing higher-than-expected inflation figures. Despite this, the price of Bitcoin (BTC) is holding steady at the $60,000 level.

Previously, the market generally expected inflation to hover around 2.3% and likely help Bitcoin break out of consolidation. But that didn’t happen.

Read more: Bitcoin Price Prediction 2024/2025/2030

CPI result disappoints the market

September's CPI rose 0.1% above expectations. While this result is higher than expected, it is lower than August's result of 2.5%.

This is a developing story.

The article Bitcoin Remains Stable After US Inflation Report appeared first on BeInCrypto.