U.S. Inflation Slowed To 8.5% In July. Bitcoin Claims $24,000

U.S. Inflation Slowed To 8.5% In July. Bitcoin Claims $24,000

U.S. CPI data came lighter than expected at 8.5% in July, but rampant inflation is still present in the energy sector; bitcoin jumps.U.S. CPI data for the month of July shows an 8.5% inflation rate from a YoY perspective. Market expectations suggested inflation would fall from 9.1% to 8.7% in July.Bitcoin claimed $24,000 following CPI data release.Consumer price index (CPI) inflation data shows a year-over-year (YoY) increase of 8.5% for the month of July as bitcoin overtakes $24,000.During the month of June, CPI rose to a fresh 40-year high of 9.1%, largely due to YoY increases in energy....


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