The price of Bitcoin increased by 2%, reaching $93,500 following the release of inflation data that has increased speculation around potential rate cuts. According to reports, Bitcoin is encountering resistance in the $93,500-$95,000 range, which has limited its price movement for approximately two months. The cryptocurrency market is often influenced by macroeconomic factors such as inflation and interest rate policies, as these can impact investor sentiment and capital flows.

The price of Bitcoin increased by 2%, reaching $93,500 following the release of inflation data that has increased speculation around potential rate cuts. According to reports, Bitcoin is encountering resistance in the $93,500-$95,000 range, which has limited its price movement for approximately two months. The cryptocurrency market is often influenced by macroeconomic factors such as inflation and interest rate policies, as these can impact investor sentiment and capital flows.