Massive Bitcoin Volatility as US Inflation (CPI) Clocks in at 7.1% For November

The United States Bureau of Labor Statistics published the numbers for the Consumer Price Index.

This is the most commonly-used metric to gauge inflation in the United States, and it clocked in at 7.1%.

  • As it’s almost always the case, this caused massive turmoil in the cryptocurrency market, and most of the coins are going through serious volatility.
  • At the time of this writing, Bitcoin’s price is trading around $17,800 on Binance.
btc_price_chart_131201
Source: Binance via TradingView

 

  • BTC surged to a high of $18,000.
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

Source: https://cryptopotato.com/massive-bitcoin-volatility-as-us-inflation-cpi-clocks-in-at-7-1-for-november/