Today we received optimistic news that impacted the cryptocurrency market as the Bitcoin price chart and Altcoin market took a rise with improved inflation data. The Consumer Price Index CPI released today revealed that month over month inflation was 0.0% and year over year was 8.5%, beating expectations and forecasts. Investors were excited to see the potential of the top of inflation rate of change, and we see several breakouts occurring in the crypto market and stock market. Meanwhile, the U.S. Dollar Currency Index takes a big tumble, often viewed as optimistic for cryptocurrency prices.
Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.
To support my channel and become a Backer, Hodler, or Whale here on YouTube, here is the link: https://www.youtube.com/channel/UCia6oYbLKo8fLOguATpACmA/join
DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions. Any affiliate links in the description of these videos may provide a commission if you decide to purchase their products. I appreciate any and all support of my channel, and without you, I wouldn’t be here. Thank you.