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Bitcoin Price Dumps to 9-Day Low on Higher-Than-Expected US CPI Data


Feb, 12, 2025
1 min read
by Jordan Lyanchev
for CryptoPotato
Bitcoin Price Dumps to 9-Day Low on Higher-Than-Expected US CPI Data

The United States Bureau of Labor Statistics released the highly-anticipated Consumer Price Index data for the first month of the year, indicating a year-over-year increase of 3%, which is higher than expectations.

Somewhat expected, BTC’s price reacted with an immediate price drop that drove it south by around two grand within minutes.

The data for December, reported in mid-January, suggested a more positive look in terms of overall inflation rates within the US year-over-year. However, the numbers for January defy that belief as all measured data shows bigger figures than the anticipated ones.

The Core CPI, which excludes more volatile sectors such as food and energy, is up by 3.3%, while the estimations were at 3.1%. The regular CPI has increased by 3% YoY instead of 2.9%.

BTC’s price reacted immediately to this data with a sharp price fall of nearly two grand. The asset had climbed to $96,500 ahead of the announcement but slumped to $94,500 (as of now). This became its lowest price position since the early February crash when it dumped below $92,000.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

The post Bitcoin Price Dumps to 9-Day Low on Higher-Than-Expected US CPI Data appeared first on CryptoPotato.

Read the article at CryptoPotato

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MainNewsBitcoin Pric...

Bitcoin Price Dumps to 9-Day Low on Higher-Than-Expected US CPI Data


Feb, 12, 2025
1 min read
by Jordan Lyanchev
for CryptoPotato
Bitcoin Price Dumps to 9-Day Low on Higher-Than-Expected US CPI Data

The United States Bureau of Labor Statistics released the highly-anticipated Consumer Price Index data for the first month of the year, indicating a year-over-year increase of 3%, which is higher than expectations.

Somewhat expected, BTC’s price reacted with an immediate price drop that drove it south by around two grand within minutes.

The data for December, reported in mid-January, suggested a more positive look in terms of overall inflation rates within the US year-over-year. However, the numbers for January defy that belief as all measured data shows bigger figures than the anticipated ones.

The Core CPI, which excludes more volatile sectors such as food and energy, is up by 3.3%, while the estimations were at 3.1%. The regular CPI has increased by 3% YoY instead of 2.9%.

BTC’s price reacted immediately to this data with a sharp price fall of nearly two grand. The asset had climbed to $96,500 ahead of the announcement but slumped to $94,500 (as of now). This became its lowest price position since the early February crash when it dumped below $92,000.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

The post Bitcoin Price Dumps to 9-Day Low on Higher-Than-Expected US CPI Data appeared first on CryptoPotato.

Read the article at CryptoPotato

Read More

Here’s Why Bitcoin Fell 12% in Q1 Despite Heavy Corporate Buying

Here’s Why Bitcoin Fell 12% in Q1 Despite Heavy Corporate Buying

BTC closed Q1 2025 with a 12% decline due to selling pressure from long-term holders ...
Apr, 06, 2025
2 min read
by CryptoPotato
Pi Network’s Price Skyrockets by 40% Daily as Bitcoin Maintains $83K (Weekend Watch)

Pi Network’s Price Skyrockets by 40% Daily as Bitcoin Maintains $83K (Weekend Watch)

PI and OKB are once again the top performers fromt the larger-cap alts today.
Apr, 06, 2025
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by CryptoPotato