Bitcoin Stable Above $26K as US CPI Numbers for August Higher Than Expected

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Bitcoin Stable Above $26K as US CPI Numbers for August Higher Than Expected
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Bitcoin's price barely moved during the first minutes in which the US CPI numbers for August went out.

Bitcoin’s price barely moved during the first minutes in which the US CPI numbers for August went out.

However, the actual numbers are just a fraction higher at 3.7%, while the core CPI increase is above 4%. Experts from the Bank of America, Goldman Sachs, JPMorgan, Morgan Stanley, and other US financial behemoths foresaw an increase in the YoY of the CPI of 3.6%. Only Barclays, Citigroup, and UBS predicted the actual jump of 3.7%.

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