3 Things That Could Influence Crypto and Bitcoin Prices This Week
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January's CPI showed headline inflation at 2.38% year-on-year and core CPI at 2.5%, the lowest since early 2021. This initially positively impacted crypto markets but gains were lost over the weekend. Focus is now on the upcoming PCE inflation report and Federal Reserve minutes.
All eyes will be on the PCE inflation report this week, following last week’s CPI, and the Federal Reserve minutes on Wednesday.
January’s CPI came in slightly below expectations, with headline inflation at 2.38% year-on-year and core CPI at 2.5%, the lowest since early 2021. This boosted the stock and crypto markets on Friday, but gains in the latter were soon eroded over the weekend.
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3 Things That Could Influence Crypto and Bitcoin Prices This Week
Share:
January's CPI showed headline inflation at 2.38% year-on-year and core CPI at 2.5%, the lowest since early 2021. This initially positively impacted crypto markets but gains were lost over the weekend. Focus is now on the upcoming PCE inflation report and Federal Reserve minutes.
All eyes will be on the PCE inflation report this week, following last week’s CPI, and the Federal Reserve minutes on Wednesday.
January’s CPI came in slightly below expectations, with headline inflation at 2.38% year-on-year and core CPI at 2.5%, the lowest since early 2021. This boosted the stock and crypto markets on Friday, but gains in the latter were soon eroded over the weekend.
In This News
Share:
In This News
Share:
Read More
Bitcoin Whales Accumulate as BTC Price Revisits 2024 Entry Zone