The latest US Consumer Price Index (CPI) report has delivered a surprise 2.4% outcome, revealing higher-than-anticipated inflation figures. Despite that, Bitcoin’s (BTC) price is holding on to the $60,000 threshold.
Before now, the broader market had expected that inflation would be around 2.3% and probably help BTC escape consolidation. But that did not happen.
CPI Outcome Disappoints the Market
The CPI for September rose by 0.1% above expectations. While this is higher than the projected outcome, it is lower than the result for August, which was 2.5%.
This is a developing story.
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