Bitcoin jumps over $ 25,000 because the CPI is 6 % in February in February

Bitcoin jumps over $ 25,000 because the CPI is 6 % in February in February

The CPI numbers are there. As always, this led to a significant increase in market volatility, with the price of Bitcoin doing rounds.

At the time of writing this article, BTC is traded at over $ 25,000.

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• The consumer price index is one of the most frequently used metrics that investors use to measure the level of inflation in the United States.
• It is published every month by the Bureau of Labor Statistics.
• for January the index rose less food and energy for all times and rose by 5.6 % in the year.
• The consumer price index for all urban consumers, on the other hand, rose by 0.5 % of the season and in the past twelve months by 6.4 %.
• Now the forecast expectations with an increase of 0.4 % and 6 % in the year.
• According to data from the Bureau of Labor Statistics, the CPI (Yoy) is currently 6 %, while the Core CPI is 5.5 % yoy.
• Now all the eyes are aimed at the FOMC session of the Federal Reserve This month, where the chairman will disclose whether you will increase interest rates or give in to the institutional pressure and do without an increase in order to reduce the burden of the already suffering banking system.
• The FOMC declaration is expected for March 22nd.

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