Bitcoin Price (BTC) Higher After U.S. Inflation Data

While headline CPI inflation has been receding for months, it has stayed above the U.S. Federal Reserve’s 2% target. In addition, the core rate had stubbornly remained above 4% for several months running. Fed members have hinted that they’re interested in perhaps one more rate hike before finally ending what’s now a roughly 20-month monetary tightening cycle.