CandleFocus BREAKING! US Inflation Data Announced! What Was the First Reaction of Bitcoin (BTC) and Dollar (DXY)?
2024-09-11
Author: Content Editor
The leading cryptocurrency Bitcoin is struggling to break above $60,000 and hold onto it. The Federal Reserve's interest rate decision is expected next week, but today's announcement of critical inflation data did not bring any surprises. The consumer price index annual and monthly figures were in line with expectations, indicating stable purchasing trends and inflation changes in the US. The value of the US dollar is influenced by these figures, with higher values being positive for the dollar and lower values being negative.
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