Bitcoin Surges to $92,500 Following U.S. CPI Data Showing 0.3% Inflation Rise

The price of Bitcoin (BTC) experienced a sharp rally, reaching approximately $92,500. This upward movement coincided with the release of U.S. inflation data for December. The Consumer Price Index (CPI) showed a 0.3% monthly increase, aligning with market expectations. Analysts are interpreting the market's reaction as a potential sign that investors view Bitcoin as a hedge against inflationary pressures. The specific CPI figures are being closely watched by the cryptocurrency market for signals on future monetary policy from the Federal Reserve.