Bitcoin spikes to $112K on soft US CPI data as S&P 500 hits record high

Bitcoin flipped volatile as CPI data came in lower than expected, but failed to follow stocks as they hit fresh all-time highs on Fed rate-cut optimism.

Key points:

Bitcoin price action whipsaws around a cooler-than-expected CPI print.

Optimism on risk assets increases, with the Federal Reserve seen continuing interest-rate cuts through 2026.

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