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CPI comes better than expected, Bitcoin breaks $28,000 – core inflation doesn’t budge

CoinSurges
By CoinSurges

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Quick Take

  • CPI year-over-year came in at 4.9%. It was expected to come in at 5.0%
  • While core CPI year-over-year came in at 5.5% and was expected at 5.5%
  • Bitcoin broke $28,000 on the news of CPI.
  • CryptoSlate will post more CPI data throughout the day, but core inflation seems to be the big issue, which has been trading in this range for almost a year.
US Core Inflation: (Source: Trading Economics)
US Core Inflation: (Source: Trading Economics)
BTCUSD:(Source: TV)
BTCUSD:(Source: TV)

The post CPI comes better than expected, Bitcoin breaks $28,000 – core inflation doesn’t budge appeared first on CryptoSlate.

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