Bitcoin Rises as Markets Digest Inflation Data Ahead of Fed Rate Decision
U.S. inflation data gave the market a mixed bag today, with the core monthly reading coming in hotter than economists had penciled in, but with most numbers generally in line with expectations. Bitcoin initially dipped on the news, but has since bounced back and is once again nearing $79,000, as the broader market digests what it means for the Federal Reserve’s forthcoming decision on interest rates next week.