U.S. CPI Inflation Falls To 2.4%, Bitcoin Rises
The U.S. CPI inflation has come in cooler than expectations, providing a bullish outlook for the crypto market, with Bitcoin rising amid this data release. Notably, crypto traders have again increased their bets on Fed rate cuts for this year following this macro data. CPI Inflation Comes In At 2.4%, Bitcoin Climbs Bureau of Labor Statistics data show that the CPI rose 2.4% year over year (YoY) in January, below expectations of 2.5%. Notably, this marks its lowest level in over four years, signaling that inflation may be trending towards the Fed’s 2% target. Meanwhile, the CPI inflation data came











