News Formal

Bitcoin Recovers After CPI Data, Market Awaits FOMC

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 9 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 68%

Cryptocurrency Nouvelles

Bitcoin,CPI,FOMC

Bitcoin bounced back after slower-than-expected August inflation data. While the US CPI rose 0.2%, meeting analysts' expectations, the core CPI was hotter than forecast at 0.3%. This initially caused Bitcoin's price to dip but it quickly recovered, trading around $58k at press time. Experts predict volatility ahead of next week's FOMC meeting.

bounced back on Thursday after slower August inflation data. The US CPI hiked 0.2% last month and met analysts’ expectations.

“I think we can use the dips to scale slowly. There may be some volatility before or after the FOMC, but volume should drive a sustained move up in October.”

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 22. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Crypto market braces for Euro CPI, FOMC minutes – What’s next for BTC, ETH?The crypto market retraced slightly on Monday, the 19th of August. The global crypto market capitalization was down by 3% at the time of writing
La source: CryptoAmb - 🏆 22. / 68 Lire la suite »

Bitcoin and gold struggle, stocks dump and pump after CPI data sparks Fed rate cut uncertaintyThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »