In the U.S., excluding food and energy prices, consumer inflation reached 3.8%, and on a monthly basis, it increased by 0.4%, the same as the previous month.
Cryptocurrency blogger Kejur Rohit is convinced that the higher-than-expected consumer inflation figures served as a bearish signal for investors in the leading cryptocurrency.
According to analyst Matthew Miskin from John Hancock Investment Management, premature announcements by Federal Reserve officials about future interest rate reductions led to a slight increase in prices.
Analysts from the Grayscale platform believe that high inflation and the key interest rate are significant obstacles to Bitcoin’s price increase in both the short and medium term.
Earlier, the head of one of the largest American mining companies, Fred Thiel, stated that he does not anticipate a dramatic surge in BTC price after the halving and believes that much of the anticipated price rally is already factored into the current asset value.