Bitcoin (BTC) moved closer to reclaiming $90,000 after US inflation cooled more than expected, with the November CPI coming in at 2.7% year-over-year versus forecasts of 3.1%. The softer print narrows the gap to the Federal Reserve’s 2% target, easing near-term inflation pressure and reviving risk appetite across markets.
Key takeaways:
- The lower-than-expected CPI print generated a positive response from Bitcoin as new positions opened versus the usual short covering.
- Onchain data shows “balance-sheet” repair and loss absorption for BTC, not capitulation.
CPI print lifts BTC price as positioning rebuilds near $90,000
According to crypto trader Back, Bitcoin’s post-CPI bounce has been accompanied by rising open interest, pointing to fresh positioning rather than a simple squeeze of…
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Source cointelegraph.com
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