#CryptoCPIWatch
| Inflation and Bitcoin: A Stronger Relationship Than Expected?
Every time the Consumer Price Index (CPI) report is released, market tension rises. Why? Because inflation not only affects the traditional economy, but it also shakes the crypto markets!
In April, the CPI index rose by 0.4%, which increased fears of the Fed continuing its tightening policy. The result? A clear fluctuation in the price of Bitcoin, which dropped at the moment of announcement but quickly rose again with increasing demand as an alternative asset to hedge against inflation.
Investors are now more aware that Bitcoin could indeed be digital gold. With every new CPI report, interest in monitoring the reaction of the digital market increases.
Follow us so we can analyze every price movement moment by moment!
