New Consumer Price Index (CPI) data indicates US inflation moderated somewhat, though price pressures remain. Monthly headline CPI climbed 0.3%, while the annual CPI rate reached 2.7%, driven significantly by higher costs for food and energy.
Core CPI, which excludes more volatile food and energy prices, showed a smaller increase of 0.2% for the period. This deceleration suggests easing price growth in sectors such as new vehicles and airline fares.
However, investment firm BlackRock cautions that persistent inflation risks continue to complicate the outlook for Federal Reserve interest rate policy, creating uncertainty across financial markets.
Amid this economic backdrop, cryptocurrencies, particularly Bitcoin, are experiencing pronounced volatility. Analysts at digital asset exchange Bitunix pinpoint key technical levels for Bitcoin, identifying support near $116,300 and resistance around $118,500 as critical benchmarks for price movement.