Bitcoin rebounded significantly, climbing to 96,782 USD as recent US macroeconomic data offered encouraging inflation signals. With December’s Producer Price Index lower than expected at a month-over-month increase of only 0.2%, risk assets, including Bitcoin, gained momentum.
Traders maintain cautious positions amidst market volatility, hinting at uncertainty. However, Optimism exists for a rebound, with market analysts watching for crucial inflation data from the Consumer Price Index. This data is expected to further shape Bitcoin’s price trajectory.
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