Bitcoin rose above $88,000 on the pleasing news as forecasts had been for inflation to continue to run above 3%.
U.S. inflation data surprises, with CPI higher by just 2.7% in November
Bitcoin rose above $88,000 on the pleasing news as forecasts had been for inflation to continue to run above 3%.
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Bitcoin's 50-day simple moving average crossed above its 200-day average on May 22, confirming the golden cross.
Issuance capacity among bitcoin-holding companies could translate to tens of billions in market buying power.
Crypto prices edged higher on Friday despite a splash of tariff turbulence after the U.S. Supreme Court ruled Trump's levies illegal.
BTC alone saw $291 million in forced closures, with futures tracking ether (ETH) and XRP following at $68 million and $17 million, respectively.