Bitcoin Hunts Liquidity As Us Cpi Inflation Drops To Lowest Since 2021
Bitcoin tagged $89,500 as US CPI data revealed sudden multiyear lows in inflation, but liquidations stayed high as the BTC price spiked.
Bitcoin (BTC) ramped up volatility into Thursday’s Wall Street open as markets reacted to surprise US inflation data.
Bitcoin traders weather more snap BTC price volatility as CPI surprises to the downside.
US inflation unexpectedly drops to multiyear lows, fueling bets of interest-rate cuts.
Bitcoin price action continues repeating its early 2025 fractal.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $89,000 before reversing lower.
The move followed the November release of the Consumer Price Index (CPI), which printed one of its largest monthly declines since 2023 — firmly against expectations.
“The all items index rose 2.7 percent for the 12 months ending November, after rising 3.0 percent over the 12 months ending September,” an official statement from the US Bureau of Labor Statistics (BLS) confirmed.
The BLS noted that October’s CPI report was not issued due to the government shutdown.
Reacting, trading resource The Kobeissi Letter led the surprise, suggesting that contrarian inflation signals could continue into next year.
Source: CoinTelegraph
