Bitcoin moved toward a potential breakout above $92,000 on Tuesday as U.S. stocks hit fresh record highs following cooler-than-expected inflation data.
The world’s largest cryptocurrency rose about 1.5% in early Wall Street trading after December U.S. Consumer Price Index data showed inflation easing. Headline CPI matched expectations at 2.7%, while core inflation came in slightly lower at 2.6%, boosting risk sentiment across markets.
U.S. equities rallied on the data, with the S&P 500 reaching new all-time highs. The move came despite ongoing tensions between President Donald Trump and Federal Reserve Chair Jerome Powell, with Trump renewing calls for...