2026-02-14 09:16:10
CPI below expectations boosts Bitcoin prices, BTC firmly holds $70,000 but the bulls and bears are in increased tug-of-war
February 14 News, the latest U.S. Consumer Price Index (CPI) was 2.4%, below market expectations of 2.5%, providing a short-term boost to risk assets. Bitcoin subsequently strengthened, closing the day up 3.93%, marking its largest single-day gain in two weeks. However, despite the rapid rebound, BTC remains below a key resistance zone, and market opinions are divided on whether the rally can continue.
Earlier, the U.S. released employment data that exceeded expectations, indicating that the labor market remains resilient. This has sparked intense discussions about the pace of interest rate cuts. Some investors believe that an overheating economy will force the Federal Reserve to delay its easing cycle; meanwhile, the decline in CPI temporarily eased inflation concerns, restoring confidence among bulls.