According to U.Today, Bitcoin rose above $85,000 following the release of softer-than-expected U.S. inflation data, which reduced the probability of another Federal Reserve rate hike below 50%. The price movement occurred after the inflation figures came in lower than market expectations, leading analysts to reassess near-term monetary policy outlooks. Lower inflation readings diminish the likelihood of additional tightening by the Fed, creating favorable conditions for risk assets, including cryptocurrencies. No specific amount of price change or timing was mentioned in the source. The shift reflects a reaction to updated economic data influencing market interpretation of future policy actions.
