Bitcoin attempts $92K breakout as stocks hit new record on low US CPI data
Bitcoin’s price attempts to break out above $92,000 as US CPI numbers come in below expectations, and President Donald Trump calls for interest-rate cuts.
Bitcoin’s price attempts to break out above $92,000 as US CPI numbers come in below expectations, and President Donald Trump calls for interest-rate cuts.
The US Bureau of Labor Statistics’ December CPI data reveals a 2.7% annual inflation rate, with the core CPI coming in cooler than expected, prompting a significant surge in silver prices to a new all-time high, while Bitcoin reacts mildly.
Crypto whales are repositioning their portfolios ahead of the January US CPI print, buying Bitcoin and Ethereum while selling riskier assets. What does this mean for the market?