The $BTCUSD price jumped in the overnight session as the market reflected on the latest US inflation data. Forex Bitcoin
Enter your emailSet a buy-stop at 24,600 and a take-profit at 25,500.Set a sell-stop at 23,450 and a take-profit at 22,000.jumped in the overnight session as the market reflected on the latest US inflation data.
Further data showed that the country’s core inflation dropped from 0.7% to 0.3%, which was lower than the expected 0.5%. On a YoY basis, this inflation remained unchanged at 5.9%. The two figures were still bigger than the Fed’s target of 2.0%. The BTC/USD pair rose after the report because of the significantly weaker US dollar. The dollar index dropped by more than 1.25% to $104.93. At its peak this year, the index was trading at $109.30. Similarly, America’s short-term bond yields slipped, with the 10-year falling to 2.788% and the 5-year dropping to2.9%.
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