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Where will Bitcoin price fall?

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazines premium markets newsletter. To be one of the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, Subscribe now.

CPI volatility does not disappoint

In the last article we pointed out a potential for CPI to surprise and bring more volatility – which is exactly what we got and more. We won’t go into detail on the components that caused the surprise as we’ve already highlighted a lot of those, but the main conclusion is that Core CPI was hotter than expected at 6.6% yoy and 0.4 % month-on-month with shelter (rent, housing components, etc.) and medical services as main drivers. This is the fastest change in the annual headline Core CPI since 1982. Check this out to compare the different components of the past three months graphic.

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