News
Bitcoin Price Plunges Following Higher-than-Expected CPI Data
Bitcoin's price dropped from approximately $83,800 to $82,800 immediately following the release of the US Consumer Price Index (CPI) data, which showed a year-over-year increase of 3.7%, slightly above the expected 3.6%, with a month-over-month rise of 0.6%. Core CPI, excluding volatile sectors, rose 2.6% YoY and 0.3% MoM, surpassing estimates of 2.5% and 0.2%.