Crypto
Bitcoin spikes toward $80K as US CPI data delivers new 22-year high in bond yields
Bitcoin briefly rebounded past $79,000 and US stocks turned green as US CPI inflation data met expectations.
Cointelegraph•
Bitcoin briefly rebounded past $79,000 and US stocks turned green as US CPI inflation data met expectations.
Bitcoin (BTC) returned to $79,000 on Friday after key US inflation data broadly conformed to expectations.
Data from TradingView showed renewed BTC price volatility ensuing after the August release of the Consumer Price Index (CPI), which came in at 3.4% year-on-year.
“The index for gasoline rose 3.9 percent in August, accounting for over one third of the monthly all items increase. The index for energy increased 2.1 percent over the month,” an official news release from the Bureau of Labor Statistics (BLS) confirmed.