CPI comes higher than anticipated, Bitcoin breaks $28,000 – core inflation doesn’t budge

by Jeremy

Fast Take

  • CPI year-over-year got here in at 4.9%. It was anticipated to return in at 5.0%
  • Whereas core CPI year-over-year got here in at 5.5% and was anticipated at 5.5%
  • Bitcoin broke $28,000 on the information of CPI.
  • CryptoSlate will submit extra CPI knowledge all through the day, however core inflation appears to be the massive problem, which has been buying and selling on this vary for nearly a 12 months.
US Core Inflation: (Source: Trading Economics)
US Core Inflation: (Supply: Buying and selling Economics)
BTCUSD:(Source: TV)
BTCUSD:(Supply: TV)

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