Bitcoin Price Dips After CPI Inflation Comes in Slightly Hot

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Bitcoin Price Dips After CPI Inflation Comes in Slightly Hot

Traders are closely watching the pace of inflation, which remains elevated, but has been slowing for several months. While a continued slowdown could give the U.S. Federal Reserve the space to perhaps pause its rate hike cycle, this morning’s report suggests more work needs to be done. www.coindesk.com

Traders are closely watching the pace of inflation, which remains elevated, but has been slowing for several months. While a continued slowdown could give the U.S. Federal Reserve the space to perhaps pause its rate hike cycle, this morning’s report suggests more work needs to be done.

www.coindesk.com