CoinDesk••1 min read
Bitcoin Rises as US Inflation Data Surprises with 2.7% CPI in November
Bitcoin experienced a surge following the release of U.S. inflation data for November. According to reports, the Consumer Price Index (CPI) showed an increase of 2.7%, which was lower than anticipated. The forecast had expected inflation to remain above 3%. The positive news seemingly impacted the cryptocurrency market, leading to a rise in the price of Bitcoin, which went above $88,000.
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