11.09.2025 20:09
In a noteworthy financial development, the United States Bureau of Labor Statistics has released the Consumer Price Index (CPI) data for August, a report that has significantly influenced the cryptocurrency market. This announcement, arriving on the heels of earlier indications of milder wholesale inflation, has precipitated a volatile period for Bitcoin.
Following the unveiling of the latest CPI figures by the Bureau of Labor Statistics (BLS), the price of Bitcoin experienced a sharp decline. Specifically, on Thursday morning, the digital currency saw its value plummet to the $113,000 mark. This downward trajectory was a direct reaction to the inflation data, which, according to the August CPI report, registered as slightly higher than what financial analysts had anticipated. The market’s response underscores the sensitivity of Bitcoin to macroeconomic indicators.
