The bitcoin (BTC) price rose by about 2.5% in a matter of just 10 minutes today after US inflation numbers reached 6.8% from a year ago, marking the highest increase since 1982. However, BTC’s gains were short-lived.
At 14:24 UTC, BTC stood at USD 49,575, up 0.9% for the past 24 hours and up 1.4% for the past hour, after initially moving above the USD 50,000 mark as the inflation reading came out. Meanwhile, at USD 15:11 UTC, BTC was already below USD 48,300. …
Read More: Bitcoin Fluctuates as US Inflation Reaches Its Highest Since 1982
