#BITCOIN OVERVIEW U.S. inflation data was released, with act | TradingByCF

#BITCOIN OVERVIEW

U.S. inflation data was released, with actual inflation at 7.5% instead of the forecasted 7.3%, to which markets reacted with a sell-off. The US stock market fell on Friday, BTC showed a correlation to indices. Alts also pulled back to their supports.

For the weekend, we expect the price of the first cryptocurrency to be squeezed into a short range. As participants are in fear after such a close the funds will wait for Monday's opening. What matters is the mood on the world stage next week.

The U.S. stock market ended Friday's trading lower. At the close on the New York Stock Exchange, the Dow Jones was down 1.43%, the S&P 500 Index was down 1.90%, and the NASDAQ Composite Index was down 2.78%