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How Will Bitcoin Price React to US CPI Announcement? Coingape 1 тиждень тому

How Will Bitcoin Price React to US CPI Announcement? 📉

Fed US CPI Bitcoin

Bitcoin's price recently faced a 3.72% correction, descending from $98.4K to $94.8K. This unexpected decline was largely attributed to comments made by Fed Chairman Powell, which eased markets. Despite this, the Federal Reserve's stance on rate cuts remains unchanged, as highlighted on February 11.

With the US Consumer Price Index (CPI) announcement imminent, there is speculation that it might influence the Fed's current position on rate cuts. This comes as market watchers closely monitor how Bitcoin will react in the wake of the economic indicators and potential shifts in monetary policy.

Джерело: coingape.com ↗

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