 ▲ Bitcoin (BTC) and dollar (USD) |
The U.S. Department of Labor announced on the 10th that the Consumer Price Index (CPI) in March rose 3.5% compared to the same month last year (up 3.2% in February). It exceeded market expectations by 3.4%. The core consumer price index also rose 3.8% compared to the previous year, exceeding market expectations of 3.7%. With this news, Bitcoin (BTC), the leading cryptocurrency, fell below the $68,000 level. As the CPI in March came out higher than expected, there is a greater likelihood that the risk asset market will seek an excuse for adjustment. Expectations for an interest rate cut are also expected to weaken.
