🧮Inflation Rate Reports (CPI) Don't Significantly Affect BTC Price
On a daily basis, from the Bitcoin (BTC) open price on the day of the CPI report to the BTC open price the next day, Bitcoin price falls or rises regardless of the direction of the inflation rate shift. For instance, when the CPI report showed a drop from 8.5% to 8.3% (annualized) between March and April 2022, Bitcoin price dropped -11%.
🤑Bitcoin price and CPI announcements doesn’t manifest in the data
CBT Media
On a daily basis, from the Bitcoin (BTC) open price on the day of the CPI report to the BTC open price the next day, Bitcoin price falls or rises regardless of the direction of the inflation rate shift. For instance, when the CPI report showed a drop from 8.5% to 8.3% (annualized) between March and April 2022, Bitcoin price dropped -11%.
🤑Bitcoin price and CPI announcements doesn’t manifest in the data
CBT Media