Bitcoin has surged close to $93,000, gaining 1.5% following the release of US inflation data that showed a cooler-than-expected rise in consumer prices. The December Consumer Price Index (CPI) reported a year-over-year increase of 2.7%, aligning with forecasts, while the core CPI slightly underperformed expectations at 2.6%. This data has reinforced investor confidence, leading to a positive response in both equities and cryptocurrencies. The S&P 500 also reached new record highs, reflecting broader market optimism. However, analysts caution that Bitcoin's current trading range may face significant resistance, particularly around the $94,000 mark. The cryptocurrency's price action remains sensitive to macroeconomic developments, especially those related to US monetary policy and inflation trends.
Bitcoin Nears $93,000 as US Inflation Data Boosts Market Optimism
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