BITCOIN PRICES WERE NOT MAINTAINED ABOVE $64,000, ALTHOUGH THE UNITED STATES CPI FELL TO 3.4 PER CENT

BITCOIN PRICES WERE CLOSE TO $64,000 AT THE TIME OF THE JULY DEAL, BUT IT WAS NOT POSSIBLE TO REGAIN $65,000, DESPITE A SIGNAL AT THE BOTTOM OF THE BITCOIN. DESPITE THE FACT THAT INFLATION DATA IN THE UNITED STATES WERE CONSISTENT WITH MARKET EXPECTATIONS IN JULY, THE ANNUAL RATE OF GROWTH OF THE CPI FELL TO 3.4 PER CENT, AND THE PRICE OF BITCOIN WAS NOT MAINTAINED AT OVER $64,000. BEFORE THE CPI WAS RELEASED, BITCOIN MADE A BRIEF BREAKTHROUGH OF US$ 64,400, BUT THE PRICE FELL TO US$ 63,800 FOLLOWING REPORTS OF A POSSIBLE EXTENSION OF THE WAR BETWEEN IRAQ AND THE UNITED STATES. ACCORDING TO THE REPORT, CONSUMER PRICES IN THE UNITED STATES INCREASED BY 3.4 PER CENT IN JULY, COMPARED TO 3.5 PER CENT IN JUNE. CORE CPI (EXCLUDING FOOD AND ENERGY PRICES) WAS 2.5 PER CENT. AFTER THE ISSUANCE OF THE INFLATION REPORT, BITCOIN AVOIDED MORE VOLATILITY AND REMAINED CLOSE TO $64,000 DESPITE INITIAL SALES PRESSURE. THE INTEREST RATE INCREASE EXPECTED IN SEPTEMBER FELL TO ABOUT 34 PER CENT。