#CPIWatch As well we know that CPI (Consumer price index ) data is being released today .And we are experiencing extreme volatility throughout the day .

As expected that $BTC was nearby 116.5k around 12 hours ago , it had dipped from 123k plus from yesterday. It doesn't dip so low in a day normally . And from there it crossed 118k and just within one hour it has again gone to the level of 116k. It was a very busy day for leading crypto currency

CPI 2.7% Year over Year, (Est. 2.7%)

CPI 0.3% Month over Month, (Est. 0.3%)

Core CPI 2.9% Year over Year, (Est. 3%)

Core CPI 0.2% Month over Month, (Est. 0.3%)..

Today CPI report just shocked the markets approximately 2.7% year over year higher than expectations.

When inflation climbs than traditional currencies like dollar lose value , than investors often turn to Crypto like Bitcoin as a shield for their wealth.