Live markets: Bitcoin briefly falls below $80,000, as stocks tumble, yields rise on ugly inflation print
Burns Brief
Inflation rose to a three-year high in April, according to this morning's Consumer Price Index report The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.
Inflation rose to a three-year high in April, according to this morning's Consumer Price Index report.
Key Takeaways
- Inflation rose to a three-year high in April, according to this morning's Consumer Price Index report