Bitcoin Diverges From Stocks as CPI Slide Deepens
Bitcoin moved out of step with equities as the consumer price index showed a deeper decline, according to CoinMarketCap.
Bitcoin diverged from stocks as the consumer price index deepened its slide, according to CoinMarketCap.
The inflation data
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The CPI report showed the decline in consumer prices deepening, according to CoinMarketCap.
Bitcoin versus equities
Bitcoin moved separately from stocks, with the cryptocurrency's direction not matching that of the equity market. The divergence came as the inflation data showed a deeper slide in consumer prices.
Key facts
- Bitcoin diverged from stocks, according to CoinMarketCap.
- The consumer price index decline deepened.
- The divergence came as the CPI report was released.
Source: news.google.com
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