Bitcoin Gains 4% As Soft US CPI Boosts March Rate-Cut Odds

Bitcoin (BTC) gained at Friday’s Wall Street open as a fresh US inflation surprise boosted the mood.

Key points:

• Bitcoin price action heads toward key resistance after US CPI inflation data cools beyond expectations.

• Crypto becomes a standout on the day as macro assets see a cool reaction to slowing inflation.

• Traders stay wary on overall BTC price strength.

Bitcoin spikes on soft January CPI data

Data from TradingView showed up to 4% daily BTC price gains at the time of writing, with BTC/USD reaching…