Bitcoin price reacts as 3.7% CPI sees inflation jump beyond forecasts

“I think in next CPI we see +4% with the gas rates going up this quickly,” popular trader CrypNuevo informed subscribers on X (previously Twitter) in part of a response.”Inflation is still an issue, and a big issue in this 2nd half of the year.”CPI was currently forecast to beat its July year-on-year figure, with August at 3.6% versus the previous 3.2%.

The Consumer Price Index (CPI) print for August came in at 3.7% year-on-year– 0.1% greater than forecast. Suggestion: Dont open positions into news announcements and wait 30 mins after information is out to begin trading.Previous: 3.2% Est: 3.6%- 3.5% or lower: $BTC will likely strike the liquidity zone at $26800.”CPI was already forecast to beat its July year-on-year figure, with August at 3.6% versus the previous 3.2%.

The Consumer Price Index (CPI) print for August came in at 3.7% year-on-year– 0.1% higher than projection. Tip: Dont open positions into news statements and wait 30 mins after information is out to start trading.Previous: 3.2% Est: 3.6%- 3.5% or lower: $BTC will likely strike the liquidity zone at $26800.- 3.7% or higher: Asian pump likely to get backtracked.