Bitcoin (BTC) targeted $37,000 at the Nov. 14 Wall Street open as the latest United States inflation data undercut expectations.
BTC/USD 1-hour chart. Source: TradingViewCPI offers Bitcoin, stocks a pleasant surprise
Data from Cointelegraph Markets Pro and TradingView showed BTC price strength returning as the Consumer Price Index (CPI) reflected slowing inflation in October.
CPI came in 0.1% below market forecasts both year-on-year and month-on-month. The annual change was 3.2%, versus 4.0% for core CPI.
“The all items index rose 3.2 percent for the 12 months ending October, a smaller increase than the 3.7-percent increase for the 12 months ending September,” an official press release from…
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