Bitcoin surges above $69k after better-than-expected US CPI

Oluwapelumi Adejumo

Bitcoin’s price has soared past $69,000 after the latest US Consumer Price Index (CPI) for May showed a slight decline. Available data shows that the much-anticipated US CPI inflation data was better than several experts’ predictions. Charlie Bilello, the Chief Market Strategist at Creative Planning, said: “Overall, US CPI moved down to 3.27% year-on-year in […]

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Bitcoin surges above $69k after better-than-expected US CPI