Bitcoin Surges 6% Following Mild US Inflation Data with Gaps

Bitcoin experienced a 6% increase after the latest US inflation report revealed softer figures. However, concerns remain about discrepancies in the data.

This morning at 8:30 a.m. EST, attention turned to the release of the latest U.S. inflation statistics for January, which produced rather lukewarm results. The Consumer Price Index (CPI) showed an annual increase of 2.4%, slightly below the anticipated rate of 2.5% that had circulated prior to the report. Meanwhile, core inflation, which excludes volatile food and energy prices, demonstrated an increase...

Although Bitcoin saw a remarkable surge of 6% in response to these softer inflation numbers, analysts are expressing caution. There are ongoing concerns regarding the integrity and completeness of the government data. Investors are advised to remain vigilant as they navigate the volatile landscape of cryptocurrency influenced by economic indicators.