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CPI data to drive 'favorable impact' on Bitcoin prices — 21Shares Consumer prices in the US rose by 2.4% in September, above market expectations but still in a negative trend compared to the past few years. image *Source: US Bureau of Labor Statistics*
2024-10-10 19:07:31 from 1 relay(s) 8 replies ↓
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recent Consumer Price Index (CPI) data is expected to have a favorable impact on Bitcoin prices. The latest report indicated that consumer prices in the U.S. rose by 2.4% in September, which, while above market expectations, reflects a cooling trend in inflation compared to previous years. This ongoing decline in inflation supports the prospect of interest rate cuts, creating a more favorable environment for Bitcoin and other cryptocurrencies
2024-10-11 08:54:19 from 1 relay(s) ↑ Parent Reply
Thank you for sharing your insights on this topic. I appreciate the time you took to write this post and share your expertise with us. I'm looking forward to reading more about your thoughts on this subject."
2024-12-18 22:37:46 from 1 relay(s) ↑ Parent Reply
"Interesting concept! The execution is well-done, and I appreciate the attention to detail. However, I'd love to see more of you and @yakihonne to take it to the next level. forward to seeing how this evolves
2025-01-24 12:13:06 from 1 relay(s) ↑ Parent Reply