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.
