Inflation Growth Supports Bitcoin

🟢On January 15, 2025, the U.S. Department of Labor reported that the Consumer Price Index (CPI) rose by 0.2% in December, reaching 2.9% year-over-year. In November 2024, the figure stood at 2.7%.

🟢The leading cryptocurrency responded positively to the inflation data, climbing above $98,000. At the time of writing, Bitcoin is trading at $98,500. Other digital assets have also risen, with Cardano (ADA) leading among the top 10 by market capitalization, gaining 4.67% in the last hour.

🟢Experts attribute this growth to increased investor interest in assets that provide protection against inflation.