Bitcoin (BTC) Price Drops 2% on Hotter-Than-Expected CPI Inflation Reading

Date:

Share post:



Bitcoin (BTC) Price Drops 2% on Hotter-Than-Expected CPI Inflation Reading

The drop happened after the January Consumer Price Index (CPI) report showed 3.1% year-on-year inflation, faster than analysts’ 2.9% forecast. Market participants now see only a 34% chance of the Federal Reserve cutting interest rates in May, down from 52% a day ago, according to the CME FedWatch tool.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

Bitcoin Price Reclaims $118K Liquidity as BTC Traders Hope For New Highs Next

Key takeaways:Bitcoin traders now turn their focus to higher levels after Friday’s $115,000 liquidity grab.Fundstrat’s Tom Lee...

Airlines With the Fastest Wi-Fi in 2025 (Ranked by Someone Who Works From 35,000 Feet)

1 This post may have affiliate links, where I may receive a commission if you purchase through them....

An Insider’s Guide to Portland, Maine

Top 5 Can’t Miss Book a stay at The Docent’s Collection and cook with some of Maine’s...

New assets and pairs available for margin trading: VIRTUAL, FET, AERO, DOG, SYRUP, TRUMP, FARTCOIN, XRP and W!

Here’s some more information about the tokens: Virtuals Protocol (VIRTUALS) is a digital asset based on blockchain technology.which...
Verified by ExactMetrics