@ayvar00
🔺 Release of Key U.S. Inflation Data
Today, the U.S. CPI data was released and came in below expectations, dropping significantly to 2.7%, while the market was expecting 3.1%.
The market reacted positively and immediately to this news, with Bitcoin reaching $89,500.
This decline in inflation could also be positive in the long term, as it increases the likelihood of interest rate cuts, which would be supportive for financial markets overall. @base.base.eth
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