#CryptoCPIWatch In a significant market development, Bitcoin (BTC) soared above $84,000 following the latest U.S. Consumer Price Index (CPI) report, which indicated a softer-than-expected rise in inflation. The CPI increased by 0.2% in February, below the anticipated 0.3%, bringing the annual inflation rate down to 2.8%. This data has bolstered investor confidence in potential Federal Reserve interest rate cuts by mid-2025.