The US Consumer Price Index (CPI) for November reported a 2.7% year-over-year increase, in line with expectations. Core CPI, excluding food and energy, also rose by 3.3%, meeting forecasts. High inflation often leads investors to turn to assets like Bitcoin for value preservation. However, with the latest CPI figures meeting expectations, Bitcoin's price remained stable. When inflation data aligns with forecasts, it reduces uncertainty in financial markets, generally viewed as positive for all markets, including crypto. Last month, US CPI data showed a 2.6% increase in October, matching forecasts, leading Bitcoin to reach a new high of $92,000. Consistent inflation figures suggest stability and market anticipation, indicating a bullish cycle for crypto in December. With expected inflation levels, central banks are less likely to disrupt liquidity flows, maintaining investor confidence in riskier assets like crypto. Read more AI-generated news on: https://app.chaingpt.org/news

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