emre yumlu 
The highly anticipated U.S. Consumer Price Index (CPI) data has been released. How did Bitcoin’s price react to the data?
In the U.S., the annual CPI inflation rate came in at 2.9%, in line with expectations. Following the announcement, Bitcoin saw a 2.06% increase in its price. The CPI figure indicates that inflation remains at the targeted level, which could mean the central bank might take a more cautious approach toward raising interest rates.
This situation is generally positive for Bitcoin. Low and stable inflation could increase interest in alternative assets like cryptocurrencies.
Additionally, lower interest rates could steer investors toward riskier assets, potentially boosting the value of digital currencies like Bitcoin. However, the market’s reaction could still vary based on broader economic factors and investor sentiment.
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