Bitcoin spikes to $92,500 as U.S. December consumer prices rise 0.3%
Bitcoin surged to $92,500 following the release of U.S. consumer price data for December, which showed a 0.3% increase. This rise in inflation data has heightened interest in Bitcoin as a hedge against inflation. Market analysts suggest that the spike may also be influenced by broader economic conditions and investor sentiment. The increase in Bitcoin's price reflects ongoing volatility in the cryptocurrency market amidst fluctuating economic indicators.
Read the full article: CoinDesk