Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
Better than expected U.S. inflation sees Bitcoin up 1%
US CPI comes in at 3.0% while core inflation comes in at 4.8%
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- U.S. Headline inflation, year-over-year, has come in at 3.0%, slightly lower than the 3.1% expected. The prior figure was 4.0% indicating a 1% drop from the new data and, thus, marking the lowest level in 2 years.
- Core Inflation came in at 4.8%, also slightly below the 5.0% expected and prior figure of 5.3%.
- According to Charlie Bilello, U.S. CPI has had twelve consecutive declines in the YoY inflation rate and is now at its lowest level since March 2021.
- As inflation came in below expectation, Bitcoin is hovering just below $31,000
- As a result, U.S. yields continue to head lower, and DXY heads to one-year lows at 101.15.
$77,227.79 +1.27% (24H)
- Market Cap
- $1.55T
- 24H Volume
- $25.24B
- Circulating Supply
- 20.03M
- Dominance
- 60.1%
