📈 Bitcoin price fluctuates after the US Bureau of Labor Statistics announced the CPI index for February 2024. Actual figures are higher than forecast but the inflation rate is decreasing.

- Core CPI is expected to increase by 0.3% over the previous month. In fact, the number is only 0.1% different (3.7% versus 3.8%). Last month's growth in the index excluding volatile sectors like food and energy was 3.9%.

- Overall CPI in February 2024 compared to February of the previous year was 3.2% - higher than the expected level of 3.1%.

🔍 About a year ago, the US CPI announcement increased the volatility of the cryptocurrency market. However, this has no longer been the case in the past few months.

- The trend remains the same, with BTC down 0.5% before recovering and returning to $72,000.

- As a reminder, the main cryptocurrency hit a new high yesterday, near $73,000.

🌐 Source: CryptoPotato