#bitcoin

The US Consumer Price Index (CPI), which measures the inflation rate, was released today. The index decreased by 0.6% over the month and now stands at 6.5%. We covered the CPI in detail in this article. According to the release, the actual values correspond to the predicted figures. This means that inflation is sinking at the expected rate and investors are gradually returning to the market. Bitcoin is up 3% today, hitting $18,000 for the first time since Dec. 14

Since MS started investing in cryptocurrency, this is the first bitcoin sale. According to a report filed with the SEC, the company liquidated 704 BTC worth about $11.8 million on December 22. The document states: "MicroStrategy plans to carry forward capital losses resulting from this transaction against prior capital gains to the extent such carryforwards are available under applicable federal income tax laws." Additionally, between November 1 and December 21, 2022, MicroStrategy bought another 2,395 BTC at an average price of $17,871, according to the report.

RSI reached its all-time low (38.56). The good news is that after the previous minimum was renewed, a new one always follows shortly after. Who is your bet on in the upcoming year? Bulls or Bears? Read more about RSI on our website.