🟣Bitcoin is steadily advancing toward the $100,000 mark, rising over 2% in the past 24 hours. At its peak, the crypto asset reached $99,400, reacting to positive Consumer Price Index (CPI) data. In December, CPI rose by 0.4%, exceeding November’s 0.3% increase.
🟣Core inflation fell to 3.2% year-over-year, bolstering market optimism. The Dollar Index (DXY) dropped by 0.5% to 108.5, increasing interest in cryptocurrencies.
🟣Investors are anticipating a more dovish Federal Reserve policy, strengthening Bitcoin’s position as it breaks out of the narrow trading range of recent weeks.