Core

Bitcoin

One of the most significant developments this week was the US inflation data, and the <a href="https://en.coin-turk.com/bitcoin-and-altcoin-analysis-sleepless-nights-coming-soon/" data-wpel-link="internal">Bitcoin</a> price saw sell-offs from the heavy agenda. The data, which will demonstrate whether the Fed continues to succeed in its fight against inflation, was quite critical. So much so that it has the potential to set the tone for the announcements to be made tomorrow. 
<h2 style="text-align: justify" id="us-inflation-data">US Inflation Data</h2> 
The inflation data arrived one hour before the opening of the US stock markets. Once touching double digits, the steadily declining inflation has also increased the appetite in risk markets. Especially, the positive downturn in previous data has created the expectation that more interest rate cuts could be made next year. 
<figure id="attachment_288021" aria-describedby="caption-attachment-288021" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" loading="lazy" class="wp-image-288021 size-full" src="https://coin-turk.com/wp-content/uploads/2023/12/Son-Enflasyon-Verileri.png" alt="" width="940" height="452">
 <figcaption id="caption-attachment-288021" class="wp-caption-text">
 Previous inflation data including October
 </figcaption>
</figure> 
Now, after the strong employment data that came on Friday, the current state of inflation has become much more important. Moreover, excitement is still at its peak because, together with the Fed interest rate decision tomorrow, the members’ 3-year interest expectations will also be announced with a dot plot. 
The expectations and announced data on the inflation front were as follows; 
<ul style="text-align: justify"> 
 <li style="text-align: justify">Announced Annual Inflation: 3.1% (Expectation: 3.1% Previous: 3.2%)</li> 
 <li style="text-align: justify">Announced Annual Core Inflation: 4% (Expectation: 4% Previous: 4%)</li> 
</ul> 
The data came in favor of cryptocurrencies, and the Bitcoin price, at the time of writing, is about to surpass $42,000. 
<img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-288027 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/enflasyon-kasim-grafik.png" alt="" width="1040" height="477"> Continue Reading: <a href="https://en.coin-turk.com/us-inflation-data-impacts-bitcoin-prices/" data-wpel-link="internal">https://en.coin-turk.com/us-inflation-data-impacts-bitcoin-prices/</a>

US Inflation Data Impacts Bitcoin Prices

목차

COINTURK NEWS

2023년 12월 12일에 게재된 다른 기사

Localities Must Decide if a Crypto Mining Facility is Welcomed

The University of Stirling empowers ChatGPT to accelerate software development.

Circle Touts Latin America to Drive Stablecoin Adoption

GameStop Memes Coin Dominates Crypto Bull Run Over Bitcoin and XRP with $4M Presale and 100x ROI ...

BREAKING: Highly Anticipated US CPI Data Has Been Released! Here is Bitcoin’s Reaction

Controversy Erupts as Google Faces Accusations of Deception in Gemini AI Demo

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!