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Bitcoin rallies after US inflation data lifts risk appetite
Bitcoin climbed sharply as steady US inflation data strengthened expectations of rate cuts and improved global risk sentiment.
Bitcoin surged past $92,000 after US consumer inflation held steady at 2.7 % year on year. The data reinforced expectations of future Federal Reserve rate cuts, boosting broader risk sentiment. Crypto markets benefited from renewed institutional participation, as investors positioned for easing financial conditions and improved global liquidity dynamics across asset classes worldwide amid growing macro clarity and declining inflation uncertainty globally for investors worldwide.