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Tag: CPI

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Bitcoin’s Sideways Mix: The CPI Reading Imprisons Investors

Central issues: At about $27,000, bitcoin goes sideways. The most recent inflation report from the United States is due on Wednesday. Throughout the day, Ethereum and Bitcoin Cash have fluctuated. Bitcoin (BTC) remained relatively stable on Tuesday, trading at around mid-$27,000, while investors eagerly await the latest U.S. inflation report on Wednesday. According to Edward…
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The price of bitcoin exceeds $26,000 as US inflation registers at 6%

In February 2023, Bitcoin surpasses $26,000 as the U.S. Consumer Price Index rises by 0.4%. When the latest Consumer Price Index (CPI) data for February 2023 were made public by the US Department of Labor, the price of Bitcoin spiked sharply over $26,000. The department reported that the seasonally adjusted CPI increased 0.4% last month…
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