US CPI Comes In At 2.6%, Bitcoin & Altcoins To Retreat?

Quick Summary:

The latest data showed that the US CPI inflation comes in at 2.6%, a surge from 2.4% noted in September, sparking discussions in the crypto market.

Notably, the market participants were also anticipating the inflation figures to come in hotter, which has so far kept the investors on the sideline today.

Besides, it can also weigh on the investors’ sentiment, which in turn could impact the Bitcoin and altcoins prices.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: Altcoin Bitcoin (BTC) Price US CPI 24/7 Cryptocurrency News US Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 13:37:21 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 282 words

Reading Time: 2 minutes read

Sentences: 44 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23571511

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 25 posts per day

Year Established: 2017

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News Last Updated: 9 hours ago

Coverage Areas: India

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