CPI comes better than expected, Bitcoin breaks $28,000 – core inflation doesn’t budge

Quick Take

• CPI year-over-year came in at 4.9%. It was expected to come in at 5.0%
• While core CPI year-over-year came in at 5.5% and was expected at 5.5%
• Bitcoin broke $28,000 on the news of CPI.
• CryptoSlate will post more CPI data throughout the day, but core inflation seems to be the big issue, which has been trading in this range for almost a year.

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