$BTC#WhiteHouseCryptoSummit
Bitcoin (BTC) rose above $84,000, hitting $83,371 after the US CPI data for February showed a year-over-year inflation rate of 2.8%, below the expected 2.9%.
Bitcoin (BTC) is seeing strong institutional interest, with BlackRock holding nearly $52 billion in BTC, likely boosting long-term buying pressure for the asset.
Bitcoin rebounded by up to 5% following the release of a softer-than-expected inflation report from the Federal Reserve, as investors reassessed their positions amid easing inflation pressures.
