๐ Bitcoin Rollercoaster Alert! ๐
The March US Consumer Price Index (CPI) numbers are in, and theyโre cooler than expected! With headline CPI at 2.4% and core CPI at 2.8%, these are the lowest inflation rates in four years. While lower inflation usually hints at potential interest rate cuts, which can be bullish for crypto, BTC took us on a wild ride today!
๐ข BTCโs Wild Ride ๐ข
After a recent recovery, Bitcoin briefly soared to $82,500 but quickly dipped to $81,500 following the CPI news. This surprising pump and dump show BTCโs unpredictable nature, but long-term enthusiasts remain optimistic about its potential. ๐
Stay tuned, Bitcoiners! ๐ง