#BounceBit

Why is Bitcoin rising today?

Bitcoin is rising despite today’s CPI report showing a slight increase in inflation due to energy prices.

Bitcoin is trading higher today, trading above $26,300 despite higher-than-expected inflation, according to the September 13 Consumer Price Index (CPI) report. Bitcoin (BTC) price has reclaimed the key $26,000 level sharply after the report was released, giving confidence to traders and analysts who see this level as crucial.