Bitcoin Falls Below USD 30K as US Inflation Beats Expectations Again

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Bitcoin Falls Below USD 30K as US Inflation Beats Expectations Again

   Bitcoin News Economics inflation USA    June 10, 2022  |  0

 
The price of bitcoin (BTC) fell below the USD 30,000 mark today as US inflation hit 8.6% in May, up from 8.3% in April and above analysts’ expectations.
“While almost all major components increased over the month, the largest contributors were the indexes for shelter, airline fares, used cars and trucks, and new vehicles,” the announcement from the US Bureau of Labor Statistics said….
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