Let's take a look at what will happen to the price of BTC when the US CPI is published

<p>&nbsp;"Investors must be sad, right? BTC doesn't seem to react at all."</p><p><br /></p><p>The reaction of the price movement of the cryptocurrency king Bitcoin (BTC) decreased slightly when the Consumer Price Index (CPI) data released by the United States (US) Bureau of Labor Statistics yesterday was reported to be higher than expected.</p><p><br /></p><p>Core inflation for August reached 3.7% compared to the 3.6% forecast year-on-year while core CPI annual inflation, which excludes food and energy prices, declined to 4.3% which was in line with expectations.</p><p><br /></p><p>So here it can be seen that a larger than expected price bounce can give room for the Federal Reserve (Fed) to act more hawkish.</p><p><br /></p><p><br /></p><p>Therefore, the US central bank during the meeting of the Federal Open Market Committee (FOMC) scheduled for next week is likely to be able to raise interest rates higher, but it should be noted that an increase may not happen in the future.</p><p><br /></p><p>There is no denying that BTC is currently hovering above $26,000, but the price may soon drop as higher inflation means lower demand for risky assets.</p><p><br /></p><p>Even so, the initial reaction shown by BTC was quite neutral and flat as most altcoins also showed a similar reaction immediately after the CPI data report was released.</p><p><br /></p><p>However, if the market doubts are increasing, BTC can experience a plunge up to $24,578 or $21,468 but if the price can break through $26,430 then the digital asset is able to climb higher.</p><p><br /></p><p>As of this writing, the price of BTC has jumped by 1.21% to $26,252 in the last 24 hours with a market cap of $511 billion and is up 2.06% over the last week.</p>