Stay informed about the impact of the US inflation rate on the digital currency market. Learn how Bitcoin prices may be affected by the latest report.
As the US inflation rate report is about to be released, the price of Bitcoin has dropped by 1.88% to $96,186. Today at 17:00 Tehran time, the US Consumer Price Index (CPI) will be published. It is predicted that the core inflation rate will rise from 0.2% last month to 0.3%, while the overall inflation rate will remain at 2.9%. The significance of this report is such that it can determine the future direction of Bitcoin. Analysts suggest that if the inflation rate exceeds expectations, the likelihood of a delay in the Federal Reserve interest rate reduction will increase, which will have a negative impact on the digital currency market. However, if the inflation rate is lower than anticipated, it could trigger a price surge in the market.
