$BTC The consumer price index (CPI) in the USA for July was lower than forecasts at 2.7%.

This creates a bullish sentiment for Bitcoin, which fell by 3% just before the announcement.

Analysts point to a historical pattern where a drop in prices before the release of the consumer price index leads to a rise in prices after the release of the consumer price index.$ETH .$XRP .#ETH5kNext? .#DeFiGetsGraded .#CPIWatch .#BTCOvertakesAmazon .#BTCHashratePeak