Investors Brace for US CPI Data Amid Inflation and Job Report Concerns

Quick Summary:

The cryptocurrency market is holding its breath until later this week when the US Consumer Price Index (CPI) data is revealed.

After the dismal US job statistics dampened market confidence, investors would be watching the data attentively since it is essential to understanding the inflationary pressure in the economy.

The price of Bitcoin has briefly recovered after plummeting to $60,000 level recently.

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Article Details

Author / Journalist: Mohamed Faisal

Category: Crypto

Markets: United Arab Emirates

Topics: Federal Reserve Market News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-06 @ 15:28:53 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 276 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 22912808

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 5 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 17 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

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