Insights

CPI beats expectations; Bitcoin trading over $30k

exchange68September 13, 2024

0 0 1 minute read

Quick Take

CPI for March was in line with expectations and forecasts

Core CPI YOY:

The Core CPI for February was 5.5%
The forecast for the month of March was 5.6%
March Core CPI was in line with expectations at 5.6%

CPI YOY:

The CPI for February came in at 6%
The forecast for March was 5.1%
March CPI came in slightly below expectations at 5.0%

Bitcoin has reacted positively and is now trading at $30,300 as of press time.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.