Bitcoin hunts liquidity as US CPI inflation drops to lowest since 2021

Recent US CPI data shows inflation rates have reached their lowest levels since 2021. In response, Bitcoin surged to $89,500, though liquidation levels remained high. Market participants are assessing the impact of declining inflation on the economy, closely monitoring BTC's price trends. This decline in inflation could influence central bank interest rate policies, potentially providing positive implications for financial markets as a whole. Bitcoin's price movements reflect these factors, showing strong buying activity, but the ongoing high liquidity indicates that short-term volatility must also be taken into account. The ability of Bitcoin to maintain these levels or further ascend will likely depend on trends in global economic indicators, necessitating traders to watch the markets closely.