March Inflation Miss Sends Bitcoin Higher

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BTC actually started to head south after the announcement.

The highly anticipated US Consumer Price Index numbers for March are out, and they actually paint a brighter picture for the country’s inflation rates.

Although lower inflation is typically considered bullish for crypto, due to the possible reduction of the key interest rates by the Fed, BTC actually reacted with an immediate pump and dump to $81,500.

The regular CPI came at 2.4% year-over-year, which is slightly lower than expected. The Core CPI, which excludes volatile sectors like energy and food, is down to 2.8% (estimations pointed at 3%). These are the lowest numbers in roughly four years.

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