Bitcoin Price Slides Below $60K on U.S. CPI Data | Chart of the Day

According to the U.S. Bureau of Labor Statistics, the Consumer Price Index rose 0.2% in July, up from a decline of 0.1% in June and against expectations for 0.2%. Bitcoin briefly surged above $61,000 in early Asian trading hours but the leading cryptocurrency retreated following the inflation data. CoinDesk's Jennifer Sanasie presents the "Chart of the Day." #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: www.youtube.com/user/CoinDesk?... Site: www.coindesk.com Twitter: www.twitter.com/coindesk LinkedIn: www.linkedin.com/company/coind... Instagram: www.instagram.com/coindesk Facebook: www.facebook.com/CoinDesk Newsletters: www.coindesk.com/newsletters CoinDesk Podcast Network: open.spotify.com/show/2jyIhkvA... Markets Daily Crypto Roundup: open.spotify.com/show/7sDXM8Bl... CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

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