What Tuesday’s CPI Could Do to the Bitcoin Price?
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- Bitcoin rebounded above $82,000 after a $1,200 drop triggered by Trump’s Iran comments.
- Iran rejected US nuclear demands raising tensions but peace talks remain active for now.
- Tuesday CPI above 3.3% could push Bitcoin toward $75,000 by killing rate cut hopes.
Bitcoin pushed back above $82,000 on Monday, rising over 1% to a high of $82,358 and approaching last Wednesday’s peak. The move came despite escalating US-Iran tensions that briefly sent prices sharply lower over the weekend.
However, the market’s next major direction will likely be decided by Tuesday’s April CPI inflation data, not the Middle East.
Why Iran Rattled Markets but Did Not Break Them
Iran submitted its response to the latest US peace proposal through Pakistani mediators on May 9. The response demanded war reparations, confirmed Iranian sovereignty over the Strait of Hormuz, called for an e…
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