Reported 1 day ago
Bitcoin remains steady around $114,000 as new data reveals US inflation rose to 2.9%, exceeding the Federal Reserve's target of 2%. The consumer price index increased by 0.4% in August, following a 0.2% rise in July, while ETF inflows have reached an 8-week peak. Analysts suggest the market's reaction to inflation data might be short-lived, with mixed sentiments from investors about upcoming interest rate cuts by the Federal Open Markets Committee.
Source: YAHOO