Bitcoin Whipsaws After Consumer Inflation Comes in Slightly Hot

The Bureau of Labor Statistics published August’s Consumer Price Index (CPI) data just a day after it revealed lower-than-expected wholesale inflation. BTC Dips Then Recovers After Latest CPI Report Bitcoin dropped to $113K on Thursday morning after the Bureau of Labor Statistics (BLS) announced slightly hotter-than-expected inflation in its August Consumer Price Index (CPI) report. […]