$BTC The price of Bitcoin

BTC

€92,882

briefly surged above $110,000 on Wednesday after U.S. Consumer Price Index (CPI) data came in lower than expected, at 2.4% year-on-year (forecast: 2.5%). The core CPI also exceeded estimates at 2.8% (forecast: 2.9%). The U.S. Dollar Index (DXY) fell to 98.5, a several-month low, as markets quickly adjusted to expectations of interest rates from the Federal Reserve.