⭐⭐Breaking News! US Inflation Data Announced! What Was Bitcoin's (BTC) First Reaction? ⭐⭐

Bitcoin (BTC), the leading cryptocurrency that quickly broke records after Donald Trump's victory, rose to $89,000 yesterday but has now retreated to $87,200. While investors and analysts expect the potential rise in Bitcoin to continue, the critical inflation data announced today may have a decisive impact on the markets.

Data Announced:

Consumer Price Index (YoY): 2.6% (Expected: 2.6% - Previous: 2.4%)Consumer Price Index (Monthly): 0.2% (Expected: 0.2% - Previous: 0.2%)Core Consumer Price Index (YoY): 3.3% (Expected: 3.3% - Previous: 3.3%)Core Consumer Price Index (Monthly): 0.3% (Expected: 0.3% - Previous: 0.3%)

The Consumer Price Index (CPI) is an important indicator that shows developments in US inflation by tracking changes in consumer spending. This data can play a decisive role in the FED's future interest rate decisions and therefore affect fluctuations in cryptocurrency markets.

Bitcoin and other crypto assets continue to test new price levels in line with the FED's interest rate policies and inflation data. Investors are trying to shape their trading strategies by carefully following the FED's statements and data.

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