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US Inflation Holds at 3.4% While Bitcoin Traders Watch Fed’s Next Move
['Sydney Thecmo']
The Currency analytics
Bitcoin’s Muted ReactionBitcoin was trading around $64,039 shortly after the inflation data dropped, down about 0.2% over 24 hours.
The market didn’t panic, but it didn’t rally either.
Jobs Data Complicates the PictureThe inflation report isn’t the only data point making the Fed’s job harder.
What Traders Are Watching NextThe next major data points are the core PCE inflation figures and the August jobs report.
Where was Bitcoin trading after the July inflation report?