Crypto:
30253
Bitcoin:
$66.161
% 0.09
BTC Dominance:
%54.0
% 0.46
Market Cap:
$2.41 T
% 1.30
Fear & Greed:
74 / 100
Bitcoin:
$ 66.161
BTC Dominance:
% 54.0
Market Cap:
$2.41 T

Highly Anticipated US Inflation Data Released: Bitcoin and Market Reaction

Bitcoin, Btc

The highly anticipated US inflation data was released today, which is also of great importance to the Bitcoin and cryptocurrency market. The data came in slightly higher than expected, causing concerns among investors and leading to a drop in Bitcoin price below $68,000.

Pre-Data Expectations and Analysis

Prior to the data release, analysts had predicted that inflation could come in slightly higher than expected and could lead to market volatility. Alex Kuptsikevich, Senior Market Analyst at FxPro, warned of a potential volatility explosion following the release of the US consumer price index on Wednesday.

Fed Minutes to be Released

The Fed minutes will be released tonight at 9 PM (UTC+3). These minutes will provide investors with insights into the Federal Reserve’s views on inflation and monetary policy.

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