NEWS

New US inflation data gives positive signals to bitcoin

The US consumer price index (CPI), an indicator of inflation expected by different markets, has just been published. According to this publication registered on July 14, the annual CPI in the economic powerhouse until July was 2.9% year-on-year. As shown below, this result is 0.1% lower than the expectations that had been there. The bitcoin (BTC) market reacted slightly upwards to the news, as seen below. This is a response that US stocks could repeat as soon as the stock markets open.

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