Bitcoin shrugs off CPI results and reclaims the $70,000 price level
Share this article The US Consumer Price Index (CPI) climbed 3.8% on its annual basis, 10 basis points above economists’ expectations. Analysts now are uncertain about how the Federal Reserve will approach rate cuts for 2024, and this may have a direct impact on the performance of assets such as Bitcoin (BTC).Despite a quick 2% correction after the CPI numbers came out, BTC made a sharp recovery, reclaimed the $70,000 price level, and grew 1.8% in the last 24...