Inflation in the US has accelerated. Bitcoin reacted with muted sales


The news is being updated

Growth in US consumer prices excluding fuel and food in annual terms slowed from 4.7% to 4.3% in July, which was above market expectations. Bitcoin rolled back to $26,000, losing all of its daily growth.

On a monthly basis, prices rose by 0.3% against 0.2% in June and the same expectations of economists.

The growth of overall inflation, including the above-mentioned volatile components, amounted to 3.7% in annual terms and 0.6% in monthly terms. The previous figure was 3.2% and 0.2%, respectively.

Analysts predicted figures at 3.6% y/y and 0.6% m/m (the largest jump since the beginning of the year).

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