BREAKING: What last night's CPI and FOMC means for Bitcoin

Institutional Crypto Research Written by Experts

Author

Markus Thielen
June 12, 2024

👇1-6) The US CPI came in at 3.3%, precisely as we hoped for in last week’s report, in which we presented the chart below. A lower CPI has been bullish for Bitcoin, while a higher one has been bearish – leading to the sell-offs in January, March, and April.

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