Bitcoin Price Jumps to $69K as US CPI Data Surprises

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The general expectations hinted at a minor increase in CPI numbers for May.

The US Consumer and Price Index for May showed a slight movement for the inflation data, showing a minor decrease to 3.3% compared to April’s numbers of 3.4%.

These CPI figures might have a particular influence on the financial markets, as the US Federal Reserve is set to meet later today to determine its monetary policy and whether it will follow the ECB in reducing the interest rates.



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