Cryptocurrency

CPI beats expectations; Bitcoin trading over $30k

quick take

  • March consumer price index was in line with expectations and forecasts

Core CPI YoY:

  • Core CPI was 5.5% in February
  • March forecast was 5.6%
  • Core CPI in March was in line with expectations at 5.6%

CPI YoY:

  • February consumer price index was 6%
  • March forecast was 5.1%
  • March CPI slightly below expectations at 5.0%

Bitcoin has responded favorably, currently trading at $30,300 at the time of writing.

BTCUSD: (Source: TradingView)

Post CPI exceeded expectations. Bitcoin transactions above $30,000 first appeared on CryptoSlate.

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