via BeInCrypto · By BeInCrypto Editorial
US CPI Data is Critical for Bitcoin and Gold This Week
BTC/USDT
$10,496,106,588.53
$63,999.00 / $62,436.59
Change: $1,562.41 (2.50%)
+0.0039%
Longs pay
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…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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