Bitcoin Rallies to $112K Amidst US CPI Data and S&P 500 Record Highs

Bitcoin’s price saw significant volatility on Friday as the release of the US Consumer Price Index (CPI) data influenced markets. Despite initial surges, BTC faced resistance at the $112,000 level. Initial optimism stemming from a cooler-than-expected CPI print led to renewed interest in risk assets, including Bitcoin. Analysts suggest that these developments pave the way for further Fed rate cuts throughout 2026.