Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

US inflation slowed, to which Bitcoin corrected after yesterday's rise

Economy: US inflation slowed, to which Bitcoin corrected after yesterday's rise

The latest report from the #US Department of Labor showed that the US Consumer Price Index (CPI) for January 2024 exceeded experts' expectations with a 3.1% year-on-year increase. This growth exceeded the expected 2.9%.

If we consider the core index, which excludes food and energy, it grew by 3.9% year-on-year and 0.4% month-on-month.

It is worth noting that the index was at 3.4% in December 2023. Such a decline indicates a slowdown in #inflation, which is confirmed by the data for previous months.

US inflation slowed, to which Bitcoin corrected after yesterday's rise
Change in the US CPI indicator by month. Source: Trading Economics.

After the publication of inflation data, the value of bitcoin experienced a downward trend. The price of the cryptocurrency fell below the $49,200 mark and is currently holding around $49,500.

Recall that in December 2023, the consumer price index reached an annualized rate of 3.4%.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Make crypto bots for trading
Press Releases: Announces Lead Asia Demo Day to Empower Innovative Blockchain Projects, the world's leading crypto exchange, is excited to announce the Lead Asia Demo Day in Seoul, a strategic initiative aimed at propelling the future of blockchain technology..
Regulation: Binance, following MICA, will introduce restrictions on a number of stablecoins for European traders
Cryptocurrency trading platform Binance has announced that it intends to restrict access to “unauthorized stablecoins” to customers in the European Economic Area (EEA) from June 30, 2024.
Press Releases: ChainGPT Pad launches $COOKIE to introduce MarketingFi - a transparent, decentralized, and user-centric approach to marketing
$COOKIE, powered by Cookie DAO, is a token that enters the Cookie3 three-platform stack, creating a complete Cookie MarketingFi ecosystem. As the “Google Analytics” of Web3, Cookie3 helps..
Press Releases: Blockchain Life 2024 to Take Place in Dubai at the Peak of the Bull Run
The legendary Blockchain Life 2024 will return for its 13th edition on October 22-23. As Dubai gains a reputation as a global crypto hub, the forum is set to be the central event of this..