Name: Bitcoin Price Slides Below $60K on U.S. CPI Data
Uploaded: 2024-08-14T15:47:22.000Z
Duration: 56 s
Description: According to the U.S. Bureau of Labor Statistics, the Consumer Price Index rose 0.2% in July, up from a decline of 0.1% in June and against expectations for 0.2%. Bitcoin briefly surged above $61,000 in early Asian trading hours but the leading cryptocurrency retreated following the inflation data. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

CD20$1,992.391.87%BTC$74,141.932.14%ETH$2,015.612.77%XRP$1.302.24%SOL$82.032.13%

Bitcoin Price Slides Below $60K on U.S. CPI Data | CoinDesk Videos

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CD20$1,992.391.87%BTC$74,141.932.14%ETH$2,015.612.77%XRP$1.302.24%SOL$82.032.13%

Bitcoin Price Slides Below $60K on U.S. CPI Data | CoinDesk Videos