Bitcoin

<h2 id="quick-take">Quick Take</h2>
<p>The latest U.S. Consumer Price Index (CPI) data reflects a nuanced picture, with Month-over-Month figures surpassing the consensus by 0.1%.</p>
<p>The numbers portray a subtly mixed economic landscape with a year-over-year inflation rate slightly surpassing consensus figures at 3.7% and core inflation undershooting expectations by 0.2% to settle at 4.1%.</p>
<p>Interestingly, the crypto market, often seen as a barometer for economic volatility, showed unexpected stability. Bitcoin, the leading digital asset, remained mostly stationary, hovering below the $27,000 mark following the immediate release of the CPI data.</p>
<figure id="attachment_364266" aria-describedby="caption-attachment-364266" style="width: 100%" class="wp-caption aligncenter"><img class="wp-image-364266 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/10/CPI1.png" alt="US CPI data: (Source: Trading Economics)" width="1074" height="170" srcset="https://cryptoslate.com/wp-content/uploads/2023/10/CPI1.png 1074w, https://cryptoslate.com/wp-content/uploads/2023/10/CPI1-300x47.png 300w, https://cryptoslate.com/wp-content/uploads/2023/10/CPI1-1024x162.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/10/CPI1-768x122.png 768w" sizes="(max-width: 1074px) 100vw, 1074px">
 <figcaption id="caption-attachment-364266" class="wp-caption-text">
  US CPI data: (Source: Trading Economics)
 </figcaption>
</figure>
<figure id="attachment_364268" aria-describedby="caption-attachment-364268" style="width: 100%" class="wp-caption aligncenter"><img class="wp-image-364268 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/10/BTCUSD.png" alt="BTCUSD:(Source: Trading View)" width="1542" height="969" srcset="https://cryptoslate.com/wp-content/uploads/2023/10/BTCUSD.png 1542w, https://cryptoslate.com/wp-content/uploads/2023/10/BTCUSD-300x189.png 300w, https://cryptoslate.com/wp-content/uploads/2023/10/BTCUSD-1024x643.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/10/BTCUSD-768x483.png 768w, https://cryptoslate.com/wp-content/uploads/2023/10/BTCUSD-1536x965.png 1536w" sizes="(max-width: 1542px) 100vw, 1542px">
 <figcaption id="caption-attachment-364268" class="wp-caption-text">
  BTCUSD:(Source: Trading View)
 </figcaption>
</figure>
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com/insights/bitcoin-stays-its-course-below-27000-despite-wavering-u-s-inflation/">Bitcoin stays its course below $27,000 despite wavering U.S inflation</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin stays its course below $27,000 despite wavering U.S inflation

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