U.S. CPI Miss Sparks Bitcoin Surge to $63.5K
June U.S. CPI inflation came in at 3.5% year-over-year, below the 3.8% forecast, and core CPI fell to 2.6%. The data revived rate-cut expectations, triggering a Bitcoin rally to $63,500 and liquidating $45 million in short positions.
Detected & updated continuously · Source: Ruma
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Bitcoin (btc)Sources
@coinbureau
🇺🇸U.S. CPI COMES IN LOWER THAN EXPECTED CPI YoY 3.5 % vs Exp. 3.8% | Prior. 4.2% Core CPI YoY 2.6 % vs Exp. 2.8% | Prior. 2.9% Softer inflation could revive rate-cut bets, weaken yields and the dollar, and support stocks and Bitcoin. https://t.co/SPfR3gi2nn
@CryptoNobler
🚨 BREAKING 🇺🇸 U.S. CPI CAME IN LOWER THAN EXPECTED! EXPECTATION = 3.8% ACTUAL = 3.5% THIS MEANS THAT INFLATION IS FINALLY SLOWING DOWN. BULLISH NEWS FOR BITCOIN AND RISK ASSETS!! https://t.co/0OZ7b79g4j
@cryptorover
💥 BREAKING: Bitcoin HITS $63,500 as June CPI inflation falls to 3.5% below expectations of 3.8% $45,000,000 worth of shorts LIQUIDATED. https://t.co/yMEtYhspF0