US Inflation Data Released: Bitcoin's Market Reaction to December CPI Figures

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Source: CryptoNewsNet Original Title: BREAKING! US Inflation Data Released! What Was Bitcoin’s (BTC) Initial Reaction? Original Link: While the leading cryptocurrency Bitcoin (BTC) was trading around $92,000 and Ethereum (ETH) around $3,137, US December inflation data was released.

While volatility in BTC continues, the whole world is focused on US inflation figures.

US Inflation Figures Released

Consumer Price Index Annual: Announced 2.7% — Expected 2.7% — Previous 2.7%

Consumer Price Index Monthly: Announced 0.3% — Expectation 0.3% — Previous 0.3%

Core Consumer Price Index Annual: Announced 2.6% — Expected 2.7% — Previous 2.6%

Core Consumer Price Index Monthly: Announced 0.2% — Expectation 0.3% — Previous 0.2%

The consumer price index is a key variable used to measure consumer purchasing trends and changes in US inflation.

Bitcoin’s Initial Reaction After the CPI Data

BTC Price Reaction

BTC4,24%
ETH6,06%
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