The release of November’s Consumer Price Index (CPI) data showed inflation at 7.1% year-on-year (YoY). This came in better than the estimated 7.3% figure.
Bitcoin spiked 2.6% on the news and was trading just short of $18,000, as of press time.
The post Bitcoin spikes to $18,000 on better than expected CPI data appeared first on CryptoSlate.
Source: https://cryptoslate.com/bitcoin-spikes-to-18000-on-better-than-expected-cpi-data/