Bitcoin increases to over $ 28,000 because US inflation is lower than expected in April

Bitcoin increases to over $ 28,000 because US inflation is lower than expected in April

After noticeably noticeable movements had occurred for several days, Bitcoin finally had a certain volatility after the United States announced the CPI data for April.

The general estimates assume 5 % in the year compared to the VPI and 5.5 % for the core VPI.

• All eyes in the USA have been directed to the 2024 budget in recent weeks and the debt of the country. The VPI numbers for April were also the focus on Wednesday before the Ministry of Labor's Ministry was announced.
• The estimates for the consumer price index for the last month were 5 %. In reality, the annual increase was somewhat lower - at 4.9 %.
• This is also a monthly decline compared to the figures from March when the consumer price index was 5 %.
• The core VPI, which excludes volatile sectors such as food and energy, met expectations with an increase of 5.5 % compared to the previous year.
• Bitcoin reacted with an immediate price increase of $ 27,500 to a multi -day high of over $ 28,000.

BTCUSD 3-minute chart. TradingView.