Unexpected drop in US core CPI annual rate pushes up Bitcoin price
Although the overall inflation rate in the United States in December rose faster than expected, investors are currently in a buying mode after the core CPI unexpectedly fell year-on-year. The price of Bitcoin increased by about $1,500 within minutes after the report was released, to $98,500 after the release of the report, up 2% in the past 24 hours. Since the Federal Reserve's interest rate decision in December, due to concerns about sticky inflation and hawkish Fed, most of Bitcoin has consolidated below $100,000. The lower-than-expected inflation data shown by Tuesday's PPI for December supports a rebound in Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Rumor: Tesla (TSLA.US) and SpaceX (SPCX.US) plan Terafab monthly production of one million wafers, feasibility questioned
According to reports, Tesla (TSLA.US) and SpaceX (SPCX.US) plan to achieve a production capacity of 1 million semiconductor wafers per month at the proposed Terafab factory starting in 2032.
Eurozone Sentix Investor Confidence Index slips to 2.4 in November from 2.7 in October
SoftBank develops contingency plans for slowdown in US data center business, considers shifting to other countries
A new twist has emerged in the US AI data center investment boom. SoftBank is preparing for cooling US demand and a deteriorating political environment, and does not rule out shifting data center construction priorities to other countries. As cross-border computing power delivery capability improves and investment returns come under question, the logic behind AI infrastructure expansion is loosening, and over $3.5 trillion in infrastructure investment now faces potential impairment risks.
Crypto prices
More
