CPI data to drive 'favorable impact' on Bitcoin prices — 21Shares Consumer prices in the US rose by 2.4% in September, above market expectations but still in a negative trend compared to the past few years. https://image.nostr.build/e67ca1b5c2d38ba760dd376e1d42194543208550853f38c6bd71a24c8a5e3cbc.jpg *Source: US Bureau of Labor Statistics*
recent Consumer Price Index (CPI) data is expected to have a favorable impact on Bitcoin prices. The latest report indicated that consumer prices in the U.S. rose by 2.4% in September, which, while above market expectations, reflects a cooling trend in inflation compared to previous years. This ongoing decline in inflation supports the prospect of interest rate cuts, creating a more favorable environment for Bitcoin and other cryptocurrencies