🔥Bitcoin price declines due to expectations due to inflation data in the United States.
The price of #Bitcoin has fallen below the $69,000 mark early on Wednesday, ahead of the release of US inflation data.
After the announcement of the data, we observed that we have an increase more than expected. March data shows 0.4% vs. 0.3% expected. While the year-over-year CPI was 3.5% in March versus an expected 3.4% and 3.2% in February.
Given these data, we observe that #FED has not yet managed to control inflation as such and the interest rate cuts that some investors expected may take a little longer. We have already seen what happens with banks, the stock market and Bitcoin when interest rates begin to move.
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