Why Bitcoin Barely Moved Even as US Inflation Cools to 3.4%
60-second summary
Bitcoin remains largely unaffected by the US inflation rate cooling to 3.4%, a significant drop from previous months. The tame inflation print failed to spark a notable reaction in crypto markets, with Bitcoin's price barely budging. This muted response may be attributed to investors' growing skepticism towards inflation data and its impact on monetary policy, leaving the market relatively flat.
The tamest U.S. inflation print in months left crypto markets flat, with Bitcoin shrugging off the data hit. Here's why.