Apparently, tariff did not impact the CPI at all.
CPI came out and it was lower than the market anticipation.
Of recent, I have been observing about how bitcoin price response to negative market news has been going mild compared to the positive. And, following what's given from the CPI with what expert predictions were about the market it has to some extent cemented those thoughts of mine.
Though am still maintaining it that this very CPI data released doesn't actually reflect what the prices of baskets of foods and groceries in the market is now compared to the past months.
From here, we would be likely to see massive rally for both BTC and Altcoins.
What is everyone thinking about what would happen for next few months in crypto market?
Massive rally for bitcoin is most definite to happen but for altcoins I unsure it's saved to use massive when referring to the altcoins market because lately a large number of them haven't actually been keeping up the pace with bitcoin the bitcoin continuous rise and it's likely it could remain that way for them till the bears set in.