Bitcoin Soars Past $82,000 After CPI Release Fuels Rate Cut Bets

Following the release of U.S. Consumer Price Index (CPI) data, Bitcoin prices surged significantly, reaching over $82,000. The market anticipates a Federal Reserve rate cut, and this anticipation is driving significant trading activity in both traditional and crypto markets. Short-term interest rate futures jumped sharply, reflecting expectations of upcoming monetary policy changes. 82,000 was the high achieved by Bitcoin after these developments.