Bitcoin Jumps to $93,500 as Inflation Data Boosts Rate Cut Hopes

Bitcoin surged 2%, reaching approximately $93,500, following the release of key inflation data. The latest figures have strengthened market expectations for additional interest rate cuts by the Federal Reserve. This development is viewed positively by investors, as lower interest rates typically enhance the appeal of non-yielding assets like Bitcoin. The price movement underscores the cryptocurrency's ongoing sensitivity to macroeconomic indicators and central bank policy outlook. Analysts are now closely monitoring the $95,000 resistance level as the next potential target for BTC if the dovish sentiment persists.