Bitcoin (BTC) Price News: All over the place ahead of U.S. inflation data. what next?

Bitcoin's price experienced significant volatility, trading between $86,000 and $90,000 in the 24 hours leading up to the release of key U.S. inflation data for November. This data, expected to show a 3.1% annual CPI increase, is critical as it will inform the Federal Reserve's stance on interest rates, especially following a government shutdown that canceled the October report. Experts are watching closely for signs of disinflation in services and the impact of tariffs. A confirmation of disinflation could encourage market expectations for rate cuts, potentially boosting risk assets like Bitcoin. However, Bitcoin did not strongly react to recent jobs data, and sticky 10-year Treasury yields above 4%—driven partly by inflation uncertainty—dampen the appeal of risk assets. Furthermore, crypto-specific headwinds, such as MSCI reviewing the index eligibility of digital asset treasury companies, could lead to passive outflows of up to $2.8 billion, adding pressure to the market.

(Source：CoinDesk)