Bitcoin breaks $89,000, Ether, XRP move higher as US inflation cools in November
Bitcoin surged past $89,000 after US inflation cooled more than expected in November, boosting crypto markets.Summary
Digital asset markets experienced bullish momentum after the release of November Consumer Price Index (CPI) data showed US inflation easing more than anticipated. The headline CPI rose 2.7% year-over-year, falling below the 3.1% forecast, while Core CPI increased by 2.6%, also underperforming expectations. Following the report, Bitcoin rebounded from an early trading low of $85,300 to break above $89,000, and Ethereum gained 3% to nearly $3,000, with other assets like XRP and Solana also surging. Despite the rally, uncertainty persists regarding the Federal Reserve's future interest rate decisions, as officials remain divided and Chair Jerome Powell cautioned that the data might not fully capture underlying inflation trends.
(Source：Crypto Briefing)