On August 12, bitcoin dropped 0.9% to $118,264, losing some of the weekend's growth. The decrease was due to investor caution before the publication of July data on the consumer price index (CPI) in the United States, which turned out to be slightly softer than forecasts: +0.2% mom and +2.7% yoy, while expectations were +0.2% and +2.8%. The core CPI increased by 0.3% mom and 3.1% YoY, the highest annual rate in five months.The data reinforced expectations of a Fed rate cut in September and raise... En savoir plus.
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