Crypto Blog
Price fluctuations for Bitcoin and the entire crypto market propelled by US CPI announcements had disappeared in recent months, but that trend changed earlier today.
The Consumer Price Index for March showed an increase of 3.5% for March 2024 compared to the same month a year ago. This actually means a higher number that the one for February. Both of these numbers were actually larger than the general expectations, which leads to speculation on what the US Federal Reserve will do next in its battle against inflation.on a daily scale, having slipped to $69,000. However, it dumped further after the announcement went out to $67,500 within minutes.
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