Bitcoin price rebounds above $93,500 after previously dropping to around $90,000. The CPI data released in December met expectations, rising 2.7% year-over-year. This further reinforces market expectations that the Federal Reserve will pause interest rate hikes, with traders estimating the probability at 97%. Mainstream altcoins like Ethereum and Solana also rose accordingly, while Monero surged 15%, reaching a near $700 all-time high.
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Bitcoin price rebounds above $93,500 after previously dropping to around $90,000. The CPI data released in December met expectations, rising 2.7% year-over-year. This further reinforces market expectations that the Federal Reserve will pause interest rate hikes, with traders estimating the probability at 97%. Mainstream altcoins like Ethereum and Solana also rose accordingly, while Monero surged 15%, reaching a near $700 all-time high.