Bitcoin Holds Steady as US CPI Lands In Line With Market Expectations

Bitcoin’s price showed a modest drop on Thursday following the release of fresh US inflation data, with markets parsing the figures for clues on the Federal Reserve’s policy path. Bitcoin, which often reacts to CPI data due to its implications for interest rates and the dollar, moved briefly lower to $113,823 following the report. Annual Inflation Hits 2. 9% in August, US CPI Data Shows According to the US Labor Department, the Consumer Price Index (CPI) rose 2 source: https://beincrypto.com/bitcoin-us-cpi-fed-rate-decision-september/