Bitcoin spikes to $18,000 on better than expected CPI data

The merchandise of November’s Consumer Price Index (CPI) information showed ostentation astatine 7.1% year-on-year (YoY). This came successful amended than the estimated 7.3% figure.

On the news, Bitcoin roseate 2.6% connected the 13:30 (GMT) 5-minute candle, conscionable abbreviated of $18,000.

Source: BTCUSDT connected TradingView.com

The station Bitcoin spikes to $18,000 connected amended than expected CPI data appeared archetypal connected CryptoSlate.