Bitcoin price tags $97K despite high PPI inflation on no US tariff ruling
Bitcoin price action headed to new eight-week highs, diverging from US stock markets after higher-than-expected November PPI data.
Bitcoin (BTC) spiked to $97,000 at Wednesday’s Wall Street open as crypto markets shrugged off resurgent US inflation.
Key points:
Bitcoin reaches fresh eight-week highs, shrugging off high US PPI inflation data for November.