Bitcoin spikes to $112K on soft US CPI data as S&P 500 hits record high
Bitcoin flipped volatile as CPI data came in lower than expected, but failed to follow stocks as they hit fresh all-time highs on Fed rate-cut optimism.
Key points:
Bitcoin price action whipsaws around a cooler-than-expected CPI print.
Optimism on risk assets increases, with the Federal Reserve seen continuing interest-rate cuts through 2026.