Bitcoin stabilizes above $98,500 as U.S. November CPI data aligns with expectations

The U.S. November CPI data aligns with forecasts, showing inflation rising 2.6% year-over-year and core CPI increasing 3.3%, both within economists' predictions. This has contributed to Bitcoin's stability above $98,500. While inflation has slightly increased compared to last month, its alignment with forecasts has eased concerns about the Federal Reserve's monetary policy, leading to a more optimistic sentiment in the cryptocurrency market. The market is currently betting on the possibility of the Fed lowering interest rates in the December meeting, which could support Bitcoin's price to continue rising. However, it is important to note that inflation remains a factor to watch closely, and any unexpected increase could cause volatility in the market.