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The Fed CPI data, which all markets are following closely, has been announced. The statements did not go beyond the expectations of the markets. It happened as expected and was announced as 2.5 percent.
After the Fed CPI data came true as expected, the belief in the markets that inflation will continue to fall has strengthened. However, Bitcoin is currently trying to regain the levels it lost after the Kamala Harris – Donald Trump TV match last night.
Looking at Bitcoin After Fed Data
When we look at the Bitcoin chart, we can see that it has fallen by 1.19 percent in the last 24 hours according to TradingView data. After US presidential candidate Donald Trump, who has more openly expressed his support for cryptocurrencies, was interpreted by the press as being behind Kamala Harris, Bitcoin could not maintain yesterday’s 57600 level.
The fact that today’s inflation data came as expected may ignite the fire of the rise in Bitcoin. Bitcoin is currently trying to hold on to $57,000. If it wins here, the next target will be the 57600 band where yesterday’s close took place and then the $58,000 region.
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