Bitcoin price CPI gains last just 1 hour as Mt. Gox sell-off fears linger
A clutch CPI print fails to buoy heavy crypto markets for long, with Bitcoin gaining then losing $1,000 within an hour.
Bitcoin 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 Bitcoin (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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Author: William Suberg
