DigitalMoneyBox Signal Desk
DigitalMoneyBox Crypto market intelligence
Browse sections
Bitcoin Cryptonews

Bitcoin Price Prediction as US Inflation Rate Data is Announced – Is the Bear Market Over?

The latest data on the US inflation rate indicates that consumer prices increased by 4% from a year earlier, marking a decrease from April's 4.9% and a significant drop from last June's 40-year high of 9.1%. The Labor De...

38 /100
Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin Price Prediction as US Inflation Rate Data is Announced – Is the Bear Market Over?
The latest data on the US inflation rate indicates that consumer prices increased by 4% from a year earlier, marking a decrease from April's 4.9% and a significant drop from last June's 40-year high of 9.1%. 
The Labor Department's consumer price index reveals that this is the smallest yearly increase since March 2021. 
Additionally, on a monthly basis, prices saw a modest rise of 0.1% compared to April's 0.4% increase. ...
Read More: Bitcoin Price Prediction as US Inflation Rate Data is Announced – Is the Bear Market Over?

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cryptonews

Related market context