May 8, 2025

Bitcoin Price Soars to $59,516 Amid Cooler-Than-Expected U.S. Inflation

1 min read

Bitcoin’s price experienced a significant surge, reaching an intraday high of $59,516 amidst unexpectedly low inflation figures in the U.S. The Bureau of Labor Statistics released the consumer price index (CPI) data, which indicated a surprising downturn, challenging economists’ predictions. The annual index rose by 3%, undercutting analysts’ expectations and signaling a possible shift in

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Source: CoinOtag

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