Bitcoin price surges to $26K as bulls react to CPI data

Bitcoin price hit highs of $26,553 on Coinbase, with 16% upside in 24 hours. US inflation data showed CPI rose 6% in the past 12 months in February. On-chain data suggests BTC price could rally to $30,000 in the short term. Bitcoin rose sharply on Tuesday, breaking past $26,000 as the crypto market reacted positively […]

Bitcoin, stocks swing as markets react to CPI data

Bitcoin price was trading sideways after hitting highs of $22,300, with major US indexes also down. The markets’ reaction comes after hotter-than-expected inflation data for the first month of 2023. US CPI rose 0.5% over the month and 6.5% year-over-year. Bitcoin was holding just above $22,000 at around 11:00 am ET, with the flagship cryptocurrency […]