E Point Perfect

Bitcoin Price Today Will Depend on This Crucial Factor: Report


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Yuri Molchan

Data issued later today may define which way Bitcoin price will go – up or down

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Chinese crypto journalist Colin Wu has reminded the crypto community that today is the day when data on the Consumer Price Index (CPI) will be published for September.

The Bitcoin price is connected to this crucial economic index, he says, sharing that when CPI previously exceeded expectations, the flagship cryptocurrency lost roughly 4% within just half an hour after the release.

When CPI has come out lower than expected in the past, Bitcoin gained 2%.


The release time of the CPI data today is 8:30 a.m. ET. Bitcoin is changing hands at $18,728 at the time of this writing.


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