US President Donald Trump yesterday announced that tariffs have been suspended in most countries as the tariff war with China is intensifying daily.
This move from Trump has led to an increase in Bitcoin and altcoins, with BTC rising above $82,000.
While BTC and Altcoins have bailouts, investors remain cautious about the possibility of a decline, and today key inflation data has been released that presents important importance in its interest rate decisions.
Here is the data disclosed:
Consumer Price Index Year: Announcement 2.4% – Forecast 2.5% – Previous 2.8%
Consumer Price Index Monthly: Announcement – 0.1% – Expected 0.1% – Previous 0.2%
Core Consumer Price Index Year: Announcement 2.8% – Expected 3.0% – Previous 3.1%
Core Consumer Price Index Monthly: Announcement 0.1% – Expected 0.3% – Previous 0.2%
The consumer price index is an important variable used to measure consumer purchasing trends and changes in US inflation.
The first reaction of Bitcoin after CPI data!
*This is not investment advice.
