HomeUncategorizedBitcoin sees CPI volatility as lower inflation sends BTC price to $18K By Cointelegraph

Bitcoin sees CPI volatility as lower inflation sends BTC price to $18K By Cointelegraph

December 13, 2022

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© Reuters.

(BTC) hit new one-month highs on Dec. 13 as United States inflation data sent a surge of optimism through markets.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $18,105 on Bitstamp after the Consumer Price Index (CPI) print for November came in below expectations.

Fed target rate probabilities chart. Source: CME Group (NASDAQ:)