Inflation Rate

US CPI at 2.7% Fuels Bitcoin Price to Reclaim $100K Mark

October CPI Data Expected to Show Inflation Spike

The U.S. Consumer Price Index (CPI) data for October is set to be released today at 8:30 a.m. Eastern Time. This highly anticipated report is expected to show a slight uptick in inflation, with an annual increase of 2.6%, up from 2.4% in September. According to the report, the core

November 13, 2024 1 min read

Bitcoin Surges To $69K Amidst Lower Than Expected Inflation Rate

Today, Bitcoin (BTC) surged by 4%, propelling its price from $67,700 to $69,506, following the release of the U.S. Consumer Price Index (CPI) data, which showed a lower-than-expected inflation rate of 3.3% for May. This comes amidst anticipation over the Federal Reserve’s decisions on interest rate cuts. The highly anticipated

June 12, 2024 1 min read