🔗 Crypto & Blockchain

Bitcoin Spikes as Core CPI Sneaks in at 0.2%, Dodging Fed Hawk Forecasts

Core CPI hit 0.2% in March — a full tick below expectations. Bitcoin? It's perking up, because traders smell Fed dovishness amid the chaos.

Bitcoin price chart surging after March core CPI data release

⚡ Key Takeaways

  • Core CPI at 0.2% beat forecasts, boosting Bitcoin toward $72K amid rate hold bets. 𝕏
  • Energy costs from Iran conflict drove headline CPI to 0.9%, but core remains tame. 𝕏
  • Skeptical outlook: Echoes 2018 false rally; privacy coins like Zcash outshine amid data growth. 𝕏
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Originally reported by CoinDesk

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