BREAKING: The latest US inflation data is out, showing a cooler-than-expected CPI reading. Bitcoin (BTC) reacted instantly, spiking as high as $110,249 before settling near $109,600. This move reflects renewed optimism among traders anticipating a potential interest rate cut from the Federal Reserve. A softer inflation print typically weakens the U.S. dollar, encouraging flows into alternative assets like Bitcoin. The sharp rise highlights BTC's sensitivity to macroeconomic shifts, especially key economic data from the U.S. As uncertainty around monetary policy continues, market watchers expect more volatility ahead. BTC/USD now holds a critical zone above $109,000, with bulls eyeing further gains if momentum holds. All eyes are now on the Fed’s next steps and how the broader market digests this data.
