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Bitcoin price CPI gains last just 1 hour as Mt. Gox sell-off fears linger

A clutch CPI beat fails to buoy heavy crypto markets for long, with Bitcoin gaining then losing $1,000 within an hour.

Bitcoin (BTC) spiked to new one-week highs on July 11 as United States macroeconomic data delivered a bullish surprise.

Data from Cointelegraph Markets Pro and TradingView showed a rapid but brief BTC price climb to $59,516 on Bitstamp.

This followed the June print of the US Consumer Price Index (CPI), which showed inflation slowing beyond expectations.

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A clutch CPI beat fails to buoy heavy crypto markets for long, with Bitcoin gaining then losing $1,000 within an hour.
Bitcoin (BTC) spiked to new one-week highs on July 11 as United States macroeconomic data delivered a bullish surprise.Data from Cointelegraph Markets Pro and TradingView showed a rapid but brief BTC price climb to $59,516 on Bitstamp.This followed the June print of the US Consumer Price Index (CPI), which showed inflation slowing beyond expectations.Read more  

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