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

May 10, 2023
in Crypto Exchanges
Reading Time: 1 min read
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Fast Take

CPI year-over-year got here in at 4.9%. It was anticipated to come back in at 5.0%
Whereas core CPI year-over-year got here in at 5.5% and was anticipated at 5.5%
Bitcoin broke $28,000 on the information of CPI.
CryptoSlate will publish extra CPI knowledge all through the day, however core inflation appears to be the massive subject, which has been buying and selling on this vary for nearly a 12 months.

US Core Inflation: (Source: Trading Economics)
US Core Inflation: (Supply: Buying and selling Economics)
BTCUSD:(Source: TV)
BTCUSD:(Supply: TV)

The publish CPI comes higher than anticipated, Bitcoin breaks $28,000 – core inflation doesn’t budge appeared first on CryptoSlate.

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