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Unexpected drop in US core CPI annual rate pushes up Bitcoin price

Unexpected drop in US core CPI annual rate pushes up Bitcoin price

Bitget2025/01/15 14:16

Although the overall inflation rate in the United States in December rose faster than expected, investors are currently in a buying mode after the core CPI unexpectedly fell year-on-year. The price of Bitcoin increased by about $1,500 within minutes after the report was released, to $98,500 after the release of the report, up 2% in the past 24 hours. Since the Federal Reserve's interest rate decision in December, due to concerns about sticky inflation and hawkish Fed, most of Bitcoin has consolidated below $100,000. The lower-than-expected inflation data shown by Tuesday's PPI for December supports a rebound in Bitcoin.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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