Bitcoin Surges Past $84K as U.S. Inflation Cools More Than Expected

By James Van Straten & Stephen Alpher

Updated Mar 12, 2025, 12:54 p.m. UTC | Published Mar 12, 2025, 12:33 p.m. UTC

The U.S. Consumer Price Index (CPI) rose less than expected in February, coming in below the forecasted 2.8%. In response, Bitcoin's price surged past $84,000 as investors welcomed the news.

Key Takeaways:

U.S. inflation slowed more than anticipated last month.

Bitcoin jumped above $84,000 following the release of the CPI data.

Before the report, markets had priced in an 85% chance of at least one Federal Reserve rate cut by June.#CryptoCPIWatch #UkraineRussiaCeasefire