HomeUncategorizedBitcoin spikes with stocks as US inflation hits highest since 1981 By Cointelegraph

Bitcoin spikes with stocks as US inflation hits highest since 1981 By Cointelegraph

April 12, 2022

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Bitcoin spikes with stocks as US inflation hits highest since 1981

(BTC) saw a brief boost on April 12 after the United States saw its highest Consumer Price Index (CPI) data since 1981.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking $400 instantly as the data was released.

U.S. CPI trends chart. Source: U.S. Bureau of Labor Statistics