gtag('config', 'G-0PFHD683JR');
Bitcoin

Bitcoin price interacts because the US consumer price index in March is less than expected

The highly expected US consumer price index numbers in March outside, in reality it draws a brighter picture of the country’s inflation rates.

Although low inflation is usually optimistic about encryption, due to the low interest rates by the Federal Reserve, BTC’s reaction was actually with an instant pump and a discharge to $ 81,500.

The regular consumer price index came 2.4 % on an annual basis, which is slightly less than expected. The basic consumer price index, which excludes volatile sectors such as energy and food, decreases to 2.8 % (3 % estimates). These are the lowest numbers in about four years.

US President Donald Trump’s strategy has mostly focused on reducing the main interest rates, but the US Federal Reserve kept him unchanged in the past two meetings, pointing to increasing fears of high inflation.

The figures have now indicated that there may be a noticeable shift in the financial policy of the states. Low interest rates are generally bullish for the most dangerous assets such as encryption.

However, the immediate reaction to the digital origin market was a little surprising. BTC, which has recovered more than six Grand since yesterday after Trump stopped most of the customs duties for 90 days, from 82,500 dollars to 81,500 dollars within minutes after the numbers appeared.

BTCUSD. Source: TradingView
Special offer (sponsored)

Binance Free $ 600 (Full Details).

Limited offer for Cryptopotato readers in Bybit: Use this link to register and open a $ 500 free site on any coin!

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button