Bitcoin and Gold Flash Crash: Why a 2.4% CPI Print Still Ran Hot
Bitcoin and gold prices dropped within seconds of the August inflation report on Friday, then recovered most of the loss inside a few minutes. The annual numbers landed exactly on forecast. What moved markets was the monthly core figure. Prices excluding food and energy rose 0.3% in August, above the 0.2% economists had expected. Why The post Bitcoin and Gold Flash Crash: Why a 2.4% CPI Print Still Ran Hot appeared first on BeInCrypto.
Key Takeaways
- Bitcoin and gold prices dropped within seconds of the August inflation report on Friday, then recovered most of the loss inside a few minutes.
- The annual numbers landed exactly on forecast.
- What moved markets was the monthly core figure.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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