CPI Data Gives Bitcoin a Boost, Trader Calls it 'Best Possible News'

Bitcoin (BTC) surged after lower-than-expected inflation data boosted market optimism. Michaël van de Poppe, a notable crypto trader, cited the CPI data and highlighted the market's anticipation of rate cuts. This positive news triggered a 4% gain for Bitcoin, briefly reaching $69,600. Altcoins such as Dogecoin (DOGE) and meme coins like Pepe (PEPE) and Dogwifhat (WIF) also experienced gains. Analysts believe this inflation slowdown signals potential crypto growth and see Bitcoin's technical target at $116,652. Despite some market volatility, most Bitcoin holders remain in profit.