Massive Bitcoin Volatility as US Inflation Clocks in at 8.2%

Perhaps unexpectedly, volatility has returned to the cryptocurrency market, albeit on an occasion-driven basis.The ongoing turbulence is precipitated by the fact that the US Bureau of Labor Statistics launched the CPI numbers.

CPI stands for Consumer Price Index, and it is the most widely used measure of current inflation rates in the United States.

The Consumer Price Index is used to measure the common exchange through the years in the fees that city consumers pay for a marketplace basket of goods and offerings. 

The range clocked in at 8.2% for the month of September. 

As it’s almost always the case, the cryptocurrency market reacted right now, and the BTC rate to begin with pumped after which dumped in the direction of $18,200, wherein it’s buying and selling at the time of this writing.

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