Bitcoin Holds Strong Above $30K Amid Positive US Inflation Data

With a market value of $592 billion, the major cryptocurrency Bitcoin (BTC) continues to trend above $30,000. Many market observers believe the encouraging drop in US headline and core inflation to be a harbinger of brighter days. Bitcoin Moves Above $30,000 After Positive Inflation Data The announcement of inflation data, which affected investors with a decline to the lowest annual level in the last two years in June in the US, did not move the Bitcoin price as expected. Headline inflation fell to its lowest level since March 2021, with a 3% increase compared to the previous year, significantly below the previous month’s 4%. In contrast, inflation in goods and services increased by 0.2% compared to the previous month. These data, which the Fed will consider in addition to other economic data to make its next decision on interest rates, were realized as 3% and 0.2% annually and monthly, respectively, […] The post Bitcoin Holds Strong Above $30K Amid Positive US Inflation Data appeared first on COINTURK NEWS.