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Bitcoin Survived the CPI and $108 Oil, but the Fed Could Wipe Out All Resilience
Bitcoin passed the August CPI release
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Bitcoin passed the August CPI release almost unscathed, holding around $77,000–78,000 despite the headline index confirming consensus at 3.4% year-on-year and 0.4% month-on-month, while the core measure unexpectedly accelerated to 0.3% month-on-month versus the expected 0.2%, even though the annual core rate slowed to 2.4%, the lowest since 2021. That mix of a cooling year-on-year base and an accelerating monthly pace produced a mixed signal for the market rather than an unambiguously negative one, which helps explain the asset's resilience
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
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Summary
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1 day
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Maxim Magdalinin
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