Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-prices-react-to-us-inflation-data/" data-wpel-link="internal">Bitcoin Prices React to US Inflation Data</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/jpmorgan-ceos-evolving-stance-on-bitcoin/" data-wpel-link="internal">Bitcoin</a> and cryptocurrencies recently experienced fluctuations due to Germany’s Bitcoin sales and Mt. Gox’s BTC distribution news. BTC dropped to $52,000 but quickly rose above $58,000. Altcoins faced significant pressure. The market was focused on two data points from the US today. The data was just released.</p> 
<h2 style="text-align: justify" id="critical-data-released-latest-bitcoin-price">Critical Data Released! Latest Bitcoin Price</h2> 
<p style="text-align: justify">The two critical data points awaited by cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> were the US inflation data and the US core inflation data. The expectation for the US inflation data was 3.1%. The announced <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data shows</a> the figure at 3.0%. This indicates a downward trend in inflation.</p> 
<p style="text-align: justify">The second data point from the US was the core inflation data. The previous figure was 3.4%, and the expectation was also 3.4%. The data shows it at 3.3%. The lower-than-expected data might suggest that the Fed could consider more rate cuts.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-369746 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/BTCUSD_2024-07-11_15-33-16.png" alt="" width="1814" height="798"></p> 
<p style="text-align: justify">Looking at the price of Bitcoin, the flagship of cryptocurrencies, it was at $58,624 at the time of writing. After the data release, Bitcoin was trading at $59,320.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-prices-react-to-us-inflation-data/" data-wpel-link="internal">Bitcoin Prices React to US Inflation Data</a></h5>

Bitcoin Prices React to US Inflation Data

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