BREAKING: Highly Critical Inflation Data in the US Released – Here is Bitcoin and the Market’s Reaction

Inflation data, which is also of great importance for the Bitcoin and cryptocurrency markets, was published in the USA today.

Here are the announced data and expectations before the data:

• US Core Consumer Price Index (CPI) Monthly (Expected: 0.3%, Actual: 0.4%)
• US Consumer Price Index (CPI) Monthly (Expected: 0.3%, Actual: 0.4%)
• US Consumer Price Index (CPI) Annual (Expected: 3.4%, Actual: 3.5%)

FED minutes will be published this evening at 21:00 Turkey time (UTC+3) and you can instantly follow this important data as a last-minute development on our Bitcoinsistemi.com news portal.

Ahead of the data, FxPro Senior Market analyst Alex Kuptsikevich said in a message that demand for Bitcoin and major altcoins in the Asian session represents trading optimism and warned of a potential burst of volatility following the release of the US consumer price index on Wednesday.

“The US CPI report, which has caused a similar increase in volatility as the NFP [nonfarm payrolls report] in recent years, has impressive potential to impact the market on Wednesday,” Kuptsikevich said.

*This is not investment advice.

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