Close Menu
    Cryptocurrency

    Bitcoin Price Reacts to Higher-Than-Expected US CPI Numbers for September

    Bytes Europe

    View 7 Comments

    7 Comments

    1. coinfeeds-bot on

      tldr; The US Consumer Price Index (CPI) for September showed a higher-than-expected inflation rate of 2.4%, compared to the anticipated 2.3%. This unexpected increase may influence the Federal Reserve’s monetary policy, potentially halting further interest rate cuts. Bitcoin’s price reacted to the news with a minor decline, dropping from $61,250 to $60,750, before recovering slightly to around $61,000. The Core CPI, excluding food and energy, also rose by 0.3%, surpassing forecasts of 0.2%.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. Bear-Bull-Pig on

      “Perhaps that’s why BTC’s price reacted with an immediate minor decline. The asset had just increased to $61,250, but the CPI data pushed it south once more by $500. Nevertheless, it has recovered some ground and now stands close to $61,000.”

      Crypto journalism at its finest.

    4. 0piates on

      How the fuck is a $500 drop news lol it’s been hardly an hour since the report. Let the day play out

    5. Baecchus on

      You need a magnifying glass to see the price movement but these news sites just love making it a big deal lol

    6. zxr7 on

      With AI reporters in future we’ll get alerts on $6 dumps/pumps (0.01% changes). Nowadays $600 equals 1% …

    7. Boring_Ad4003 on

      People complaining it’s just 500$ difference.

      It doesn’t matter. The article was going to be published when cpi datw was released regardless of btc price. It happened to be only 500$