Inflation’s Down, But So Is Bitcoin: Why BTC Gets Sold At $90,000 Every Time
Bitcoin (CRYPTO: BTC) is back to $86,000 in volatile U.S. trading hours on Thursday, which saw inflation cool more than expected in November.
What Happened: Market commentatr The Kobeissi Letter highlighted that U.S. core CPI fell to 2.6% year-over-year, the lowest since March 2021 and a sharp downside surprise versus expectations.
The print marked one of the largest inflation decelerations since 2023.
Rate-cut expectations jumped following the data, though markets still price no move in January pending further confirmation.
While inflation is slowing, prices are not falling, cumulative inflation since 2020 now sits at 25.2%, …