The latest U.S. Consumer Price Index (CPI) data for February showed a 0.2% monthly increase, bringing annual inflation down to 2.8% from 3% in January. This cooling inflation has positively impacted Bitcoin (BTC) and the broader cryptocurrency market. $BTC prices surged by approximately 7% in the last 24 hours, climbing above $84,000.
The softer inflation figures have reduced concerns about aggressive Federal Reserve interest rate hikes, which has reignited demand for riskier assets like Bitcoin. Historically, lower inflation and dovish monetary policies tend to benefit cryptocurrencies as they become more attractive to investors seeking alternatives to traditional assets.
Are you keeping an eye on for $BTC investment or just following the trends?
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