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Bitcoin [BTC] breaks $26k, CPI drops – is the euphoria back
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Bitcoin [BTC] continued its unprecedented bullish run and climbed above $26,000 as the United States Bureau of Labor Statistics released its February Consumer Price Index (CPI) data.
According to the country’s fact-finding agency, the CPI dropped to 6% on a Year-on-Year (YoY) basis. Is your portfolio green?
Check the Bitcoin Profit Calculator The CPI expresses the change in the current prices of goods in a given year compared to the prices within a base period.
The metric used to measure inflation rose to 6.4% per January’s data. However, the 14 March declaration implied that the CPI had dropped for the eighth consecutive month, hitting the lowest since September 2021.
Read more on ambcrypto.comAbout this in other media
Bitcoin Price and Ethereum Prediction: Will US CPI and Retail Sales Data Influence Price Movement Today? cryptonews.com /5 days ago
Crypto Price Today Live: Bitcoin above $22k; crypto market cap crosses $1 trillion economictimes.indiatimes.com /5 days ago
On-chain Indicators Scream Bitcoin Bull Market as the BTC Price Roars Back cryptonews.com /6 days ago
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