Bitcoin spikes to $22,330 after dip on worse than expected CPI data

The merchandise of January’s Consumer Price Index (CPI) information showed ostentation astatine 6.4% year-on-year (YoY). This came successful worse than the estimated 6.2% figure.

Bitcoin initially sunk 1.4% connected the quality and was trading conscionable abbreviated of $21,640.

However, astir an hr aft the announcement, bulls took control, spiking the terms arsenic precocious arsenic $22,330.

Source: BTCUSDT connected TradingView.com

The station Bitcoin spikes to $22,330 aft dip connected worse than expected CPI data appeared archetypal connected CryptoSlate.