Home > News > BitCoin > Bitcoin spikes to $18,000 on better than expected CPI data

Bitcoin spikes to $18,000 on better than expected CPI data

  • December 13, 2022
  • Posted by: admin
  • Category: BitCoin, Blockchain, Cryptocurrency, Investments
No Comments

The release of November’s Consumer Price Index (CPI) data showed inflation at 7.1% year-on-year (YoY). This came in better than the estimated 7.3% figure.

Bitcoin spiked 2.6% on the news and was trading just short of $18,000, as of press time.

Bitcoin 5 minute chart
Source: BTCUSDT on TradingView.com

The post Bitcoin spikes to $18,000 on better than expected CPI data appeared first on CryptoSlate.

Read Entire Article


Add a comment