The discharge of January’s Shopper Worth Index (CPI) knowledge confirmed inflation at 6.4% year-on-year (YoY). This got here in worse than the estimated 6.2% determine.
Bitcoin initially sunk 1.4% on the information and was buying and selling simply wanting $21,640.
Nevertheless, roughly an hour after the announcement, bulls took management, spiking the worth as excessive as $22,330.
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