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Bitcoin Price Drops 0.5% in First 5 Minutes Following US CPI Announcement of 2.4% Coinotag 10 oct. 2024

Bitcoin Price Drops 0.5% in First 5 Minutes Following US CPI Announcement of 2.4% 📉

USA Bitcoin

The latest US Consumer Price Index (CPI) figures showed a rate of 2.4%, leading to quick market responses.

Bitcoin, the leading cryptocurrency, witnessed a 0.5% price drop within just five minutes after the CPI announcement. This reaction highlights the sensitivities of the crypto market to economic indicators like inflation.

The CPI is a crucial economic measure that influences market movements, reflecting its impact on investor decisions and the volatility of assets such as Bitcoin.

Source : en.coinotag.com ↗

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