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Bitcoin spikes to $112K on soft US CPI data as S&P 500 hits record high

Home Press Releases Crypto News Cointelegraph Bitcoin spikes to $112K on soft US CPI data as S&P 500 hits record high

Bitcoin flipped volatile as CPI data came in lower than expected, but failed to follow stocks as they hit fresh all-time highs on Fed rate-cut optimism.

Key points:

Bitcoin price action whipsaws around a cooler-than-expected CPI print.

Optimism on risk assets increases, with the Federal Reserve seen continuing interest-rate cuts through 2026.

Read more

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Author: William Suberg

Cointelegraph

Cointelegraph

  • PreviousCrypto Markets Today: BTC Reclaims $110K as Softer CPI Boosts Market Sentiment, Altcoins Lag

  • NextXRP Futures Surge at CME: Is a Price Breakout Looming for Top Altcoins?

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