Bitcoin Gains as US Inflation Eases, but Concerns Remain
TL;DR Summary
U.S. inflation data for November showed a smaller increase of 2.7%, lower than expected, which boosted Bitcoin above $88,000 and led to positive market reactions, including gains in stock futures and a slight drop in Treasury yields, potentially influencing Federal Reserve interest rate decisions.
- Bitcoin price (BTC) news: BTC adds to gains after soft inflation numbers CoinDesk
- Inflation cooled in November to 2.7%, but economists say to take it with ‘the entire salt shaker’ CNN
- CNBC Daily Open: Investors might not want to take U.S. inflation numbers in November at face value CNBC
- US says price increases eased last month but data may be distorted and Americans aren't feeling it AP News
- Consumer prices rose in November. See which of your grocery items went up WCVB
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