Bitcoin Soars $15,000 in Seconds as U.S. CPI Shows Slowdown in Inflation
The price of Bitcoin (BTC) saw a sharp rise on June 12, soaring $1,500 just seconds after the release of U.S. inflation data. The unexpected drop in the Consumer Price Index (CPI) provided a boost to BTC and other risky assets, reversing several days of price declines in the cryptocurrency market.
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