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US CPI Decline Correlates with Bitcoin Price Trends | Flash News Detail | Blockchain.News
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9/11/2024 1:41:20 PM

US CPI Decline Correlates with Bitcoin Price Trends

US CPI Decline Correlates with Bitcoin Price Trends

According to Lookonchain, the U.S. Consumer Price Index (CPI) for August year-over-year was 2.5%, marking a decline for five consecutive months. A graph was shared illustrating the relationship between Bitcoin's ($BTC) price and the U.S. CPI (YoY), suggesting potential correlations for traders to consider.

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Lookonchain

@lookonchain

Looking for smartmoney onchain