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via BeInCrypto · By BeInCrypto Editorial
US CPI Data is Critical for Bitcoin and Gold This Week
BTC
BTC/USDT
$62,977.99
-0.04%
$62,977.99
-0.04%
(24s)24h Volume
$2,179,027,735.16
24h H/L
$63,175.00 / $62,946.58
Change: $228.42 (0.36%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0008%
Longs pay
Data provided by COINOTAG DATALive data
BE
BeInCrypto Editorial(06:01 AM UTC)
1 min read
On Wednesday, June 10, the US inflation reading is either a floor or a trapdoor for Bitcoin and gold investors.
The US Consumer Price Index (CPI), the monthly measure of inflation across the economy, is a key indicator for several markets to watch on Wednesday.
Another Fed Signal
There is now a 70% chance of a Federal Reserve rate hike by December, up significantly over the past week, after the May…
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