BTC price shoots up $1.5K in seconds as US CPI shows inflation slowing
Bitcoin (BTC) spiked higher into the June 12 Wall Street open after United States inflation data delivered a surprise drop.BTC/USD 1-hour chart. Source: TradingViewCPI fuels sudden 3% BTC price surgeData from Cointelegraph Markets Pro and TradingView captured a snap BTC price surge to $69,636 on Bitstamp.Bitcoin gained $1,500 in seconds as the May print of the Consumer Price Index (CPI) showed inflation cooling faster than expected.Month-on-month CPI was unchanged from last month, while the year-on-year tally was 3.3% — both 0.1% lower than forecast.“The all items index rose 3.3 percent...
