Bitcoin passes $69K on slower US CPI print, but Fed rate-cut odds stay low
Bitcoin bulls enjoyed a relief rally to $69,000 on the back of soft US CPI inflation data amid hopes of BTC price action making a “higher low.”
Bitcoin (BTC) gained at Friday’s Wall Street open as a fresh US inflation surprise boosted the mood.
Key points:
Bitcoin price action heads toward key resistance after US CPI inflation data cools beyond expectations.