Better than expected U.S. inflation sees Bitcoin up 1%

Quick Take

• U.S. Headline inflation: 3.0% v 3.1% expected (prior 4.0%)
• Core Inflation: 4.8% v 5.0% expected (prior 5.3%)
• As inflation came in below expectation, Bitcoin is hovering just below $31,000
• As a result, U.S. yields continue to head lower, and DXY heads to one-year lows at 101.15.

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