Bitcoin

<ul><li>A higher-than-expected CPI of 3.1% has led to immediate declines in the cryptocurrency and equity sectors.</li><li>Despite the recent drop, Bitcoin&#39;s performance remains strong, with a 12% increase over the last week, indicating potential for recovery.</li><li>Historical CPI data suggests that market sentiment can quickly shift, with social media playing a pivotal role in influencing investor behavior.</li></ul>In light of the recent US CPI report, the financial landscape has experienced notable shifts. The inflation rate, now at 3.1%, has surpassed projections, causing a ripple effect across various investment domains. This development has been particularly impactful for <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, which saw a decrease to $49,601, marking a 0.89% fall within a 24-hour timeframe.Santiment, a platform with on-chain and social cryptocurrency metrics, shared a detailed post providing insights into the recent fluctuations in <a href="https://cryptotale.org/profit-paradise-87-of-bitcoin-supply-now-in-the-green-whats-next-for-investors/" rel="noopener noreferrer nofollow">Bitcoin&#39;s price following</a> the latest US CPI report.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6f257539247a403d9bce29f05cfccfaf.png" />Despite this setback, the digital currency&#39;s trajectory over the past week paints a more optimistic picture. With a more than 12% increase noted, there remains a tangible possibility for <a href="https://cryptotale.org/bitcoin-analyst-eyes-btcs-60000-milestone-amid-market-optimism/" rel="noopener noreferrer nofollow">Bitcoin</a> to regain its momentum. This would entail surpassing the $50,000 threshold once again. Conversely, further losses could challenge investors to maintain critical support levels, notably around the $46,000 mark.Read full article at <a href="https://cryptotale.org/bitcoin-dips-below-49k-following-higher-than-expected-us-inflation-report/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bitcoin Dips Below $49K Following Higher-than-Expected US Inflation Report

CryptoTale

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