First Mover Americas: Bitcoin Dips Below $27K After Hot UK Inflation Report

First Mover Americas: Bitcoin Dips Below $27K After Hot UK Inflation Report


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Bitcoin slid under the $27,000 level early Wednesday, leading a broad decline in major cryptocurrencies as markets reacted to poor U.K. inflation figures. The core Consumer Price Index (CPI) for the U.K. came in at 6.8% in April. That was the fastest pace of core inflation since 1992, and sizably ahead of March’s 6.2% pace as well as the 6.2% consensus forecast. It’s the third consecutive month that U.K.

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