🔥Bitcoin reacts modestly after the publication of economic data.
Today #Bitcoin has once again exceeded the $69,000 mark after the announcement of the inflation data, after a fall on Monday that took it to $66,000.
Today, inflation data (CPI) was published in the United States, where the data showed slightly better progress than expected. According to official data, #CPI shows 3.3% (year after year) compared to what economists expected of 3.4%.
Today the meeting of #FOMC also happened, where it was determined that interest rates remain between the ranges of 5.25% and 5.50%. Traditional markets took this news better. The next meeting to determine the interest rate is in November, two days after the US elections.
Many investors are waiting for interest rates to be reduced in the United States as promised by the Federal Reserve, however this would only happen when inflation is controlled.
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