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Bitcoin rallies past $92,000 as inflation data lifts risk appetite
Stable US inflation data lifted expectations of rate cuts, supporting bitcoin gains and broader risk appetite despite ongoing policy uncertainties.
Bitcoin climbed above $92,000 after US consumer inflation held at 2.7%, strengthening expectations of future Federal Reserve rate cuts. Softer inflation supported risk the assets globally, even as concerns around renewed tariff threats persisted. Market participants said easing price pressures improved sentiment across digital assets, while traders closely monitored policy signals and guidance from upcoming central bank commentary for near term direction.