{"id":43864,"date":"2025-02-12T13:38:27","date_gmt":"2025-02-12T13:38:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=43864"},"modified":"2025-02-12T13:38:27","modified_gmt":"2025-02-12T13:38:27","slug":"bitcoin-price-dumps-to-9-day-low-on-higher-than-expected-us-cpi-data","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=43864","title":{"rendered":"Bitcoin Price Dumps to 9-Day Low on Higher-Than-Expected US CPI Data"},"content":{"rendered":"

The United States Bureau of Labor Statistics released the highly-anticipated Consumer Price Index data for the first month of the year, indicating a year-over-year increase of 3%, which is higher than expectations.<\/p>\n

Somewhat expected, BTC\u2019s price reacted with an immediate price drop that drove it south by around two grand within minutes.<\/p>\n

*US JAN. CONSUMER PRICES RISE 0.5% M\/M; EST. +0.3%<\/p>\n

*US JAN. CONSUMER PRICES RISE 3% Y\/Y; EST. +2.9%<\/p>\n

*US JAN. CORE CPI RISES 0.4% M\/M; EST. +0.3%<\/p>\n

*US JAN. CORE CPI RISES 3.3% Y\/Y; EST. +3.1%<\/p>\n

\u2014 *Walter Bloomberg (@DeItaone) February 12, 2025<\/a><\/p>\n\n

The data for December, reported<\/a> in mid-January, suggested a more positive look in terms of overall inflation rates within the US year-over-year. However, the numbers for January defy that belief as all measured data shows bigger figures than the anticipated ones.<\/p>\n

The Core CPI, which excludes more volatile sectors such as food and energy, is up by 3.3%, while the estimations were at 3.1%. The regular CPI has increased by 3% YoY instead of 2.9%.<\/p>\n

BTC\u2019s price reacted immediately to this data with a sharp price fall of nearly two grand. The asset had climbed<\/a> to $96,500 ahead of the announcement but slumped to $94,500 (as of now). This became its lowest price position since the early February crash when it dumped below $92,000.<\/p>\n

<\/a>BTCUSD. Source: TradingView<\/p>\n

The post Bitcoin Price Dumps to 9-Day Low on Higher-Than-Expected US CPI Data<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The United States Bureau of Labor Statistics released the highly-anticipated Consumer Price Index data for the first month of the year, indicating a year-over-year increase of 3%, which is higher than expectations. Somewhat expected, BTC\u2019s price reacted with an immediate price drop that drove it south by around two grand within minutes. *US JAN. CONSUMER […]<\/p>\n","protected":false},"author":0,"featured_media":43865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/43864"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43864"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/43864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/43865"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}