Tag Archives: CPI data

Analyst Warns Of 10% Bitcoin Price Drop Ahead Of CPI Data

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Recently, there have been significant fluctuations in the prices of Bitcoin; presently, they oscillate between $87,000-$87,500. This may not be eye candy to investors who are currently on the sidelines waiting for the coin to hit $90k, particularly the release of CPI data set today, November 13. This news is perceived by analysts to have… Continue reading Analyst Warns Of 10% Bitcoin Price Drop Ahead Of CPI Data→

Bitcoin Tumbles Following Higher Than Anticipated US Core Inflation Data

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The higher-than-anticipated US core Consumer Price Index (CPI) reading was followed by a decline in Bitcoin (BTC) price as it tumbled almost 1.5% to $56,168 at press time. US Headline CPI Matches Forecast, Core CPI Exceeds It US headline CPI, the metric typically used to assess the inflation rate in the country, came in according… Continue reading Bitcoin Tumbles Following Higher Than Anticipated US Core Inflation Data→