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Bitcoin [BTC] breaks $26k, CPI drops – is the euphoria back
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Bitcoin [BTC] continued its unprecedented bullish run and climbed above $26,000 as the United States Bureau of Labor Statistics released its February Consumer Price Index (CPI) data.
According to the country’s fact-finding agency, the CPI dropped to 6% on a Year-on-Year (YoY) basis. Is your portfolio green?
Check the Bitcoin Profit Calculator The CPI expresses the change in the current prices of goods in a given year compared to the prices within a base period.
The metric used to measure inflation rose to 6.4% per January’s data. However, the 14 March declaration implied that the CPI had dropped for the eighth consecutive month, hitting the lowest since September 2021.
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