The leading cryptocurrency Bitcoin (BTC) rose to $110,000 due to the second round of talks between the US and China.
While the rise in Bitcoin is expected to continue, critical inflation data that the FED attaches importance to for its interest rate decision was announced today.
Here is the data disclosed:
Consumer Price Index Annual: Announced 2.4% – Expected 2.5% – Previous 2.3%
Consumer Price Index Monthly: Announced 0.1% – Expected 0.2% – Previous 0.2%
Core Consumer Price Index Annual: Announced 2.8% – Expected 2.9% – Previous 2.8%
Core Consumer Price Index Monthly: Announced 0.1%– Expected 0.3%– Previous 0.2%
The consumer price index is a key variable used to measure consumer purchasing trends and U.S. inflation changes.
According to The Kobeissi Letter, headline CPI inflation is on the rise again for the first time since January 2025. At this point, the probability that the Fed will cut interest rates next week has dropped to 0%.
Bitcoin’s First Reaction After CPI Data!
*This is not investment advice.