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The leading cryptocurrency Bitcoin has fallen to $ 53,500 in recent weeks due to sales pressure caused by Mt.Gox refunds and German government sales. However, with the upward momentum that started over the weekend, BTC rose above $ 59,000 this week. 
While BTC moved above $ 58,000, critical inflation data expected from the USA and applications for unemployment benefits were announced. 
<h2 id="here-is-the-announced-data">Here is the announced data:</h2> 
Consumer Price Index Monthly: Announced -0.1% Expected 0.1% – Previous 0.0% 
Consumer Price Index Annual: Announced 3.0% – Expected 3.1% – Previous 3.3% 
Core Consumer Price Index Monthly: Announced 0.1% – Expected 0.2% – Previous 0.2% 
Core Consumer Price Index Annual: Announced 3.3% – Expected 3.4% – Previous 3.4% 
&nbsp; 
Applications for Unemployment Benefits: Announced 222k – Expected 236k – Previous 238k 
The consumer price index is an important variable used to measure changes in consumer purchasing trends and US inflation. 
A higher than expected value means a positive/bull market for the USD, and a lower than expected value means a negative/bear market for the USD. 
<h2 id="first-reaction-of-bitcoin-and-dollar-after-cpi-data">First Reaction of Bitcoin and Dollar After CPI Data!</h2> 
<img decoding="async" class="alignnone wp-image-147892" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/07/Ekran-Resmi-2024-07-11-15.31.25.png" alt="" width="632" height="521"> 
<img decoding="async" class="alignnone wp-image-147894" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/07/Ekran-Resmi-2024-07-11-15.32.48.png" alt="" width="618" height="460"> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-us-inflation-data-announced-what-was-the-first-reaction-of-bitcoin-btc-and-dollar-dxy/">BREAKING! US Inflation Data Announced! What Was the First Reaction of Bitcoin (BTC) and Dollar (DXY)?</a>

BREAKING! US Inflation Data Announced! What Was the First Reaction of Bitcoin (BTC) and Dollar (DXY)?

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