How Will July Inflation Data Affect Bitcoin Price?

Quick Summary:

Bitcoin (BTC) price remains relatively volatile as it prepares for a busy week with a slew of US economic data releases.

Following this, Bitcoin moves depending on how the data affects the general risk-on category of assets.

Bitcoin price has often decreased as investors seek higher-yielding assets.

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Article Details

Author / Journalist: Akash Girimath

Category: Crypto

Markets: India

Topics: Price Analysis Consumer Price Index July inflation data US CPI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 09:09:38 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 610 words

Reading Time: 4 minutes read

Sentences: 54 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22075689

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 20 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Ownership: Independent Company

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Publisher ID: #59

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