Bitcoin hits $26.3k on expected CPI news, 25bps rate hike is expected James Van Straten · 3 hours ago
CPI was forecasted at 6.0% year-over-year, while it has come in at 6.0%
Quick Take
- CPI slows as expected
- YOY Core CPI was forecasted to come in at 5.5%. The result was 5.5%
- CPI year over year was forecasted to come in at 6.0%. The result was 6.0%.
- Core inflation accelerates month-over-month from +0.4% in January to +0.5% in February.
- Bitcoin has smashed through $25,500
- Barring any disaster, after the CPI news, a 90% probability for a 25bps rate hike for the upcoming FOMC on 22nd March.
Research Analyst at CryptoSlate
James is passionate about data, technology, and identifying trends. James is a freedom and technology maximalist, seeing Bitcoin as the greatest invention of the 21st century.
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