CandleFocus BREAKING! US Inflation Data Released! What Was Bitcoin's (BTC) First Reaction?
2024-10-10
Author: Content Editor
The leading cryptocurrency Bitcoin is experiencing difficulties in maintaining its value over $60,000. Experts are eagerly awaiting the announcement of the CPI data and the FED interest rate decision in November. This announcement is crucial for determining the interest rate decision made by the FED. The recently released inflation data shows a slight increase in the consumer price index, both annually and monthly. The consumer price index is utilized to measure consumer purchasing patterns and inflation changes in the United States.
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