Bitcoin's price rebounded to the $64,000 mark following the release of US Consumer Price Index (CPI) data showing the lowest inflation levels since 2020. This easing of inflation pressure has renewed optimism among crypto investors, according to CoinTelegraph.
Despite the positive move, traders remain cautious about the possibility of Bitcoin facing rejection at this critical resistance level. Market participants are closely watching whether the digital asset can sustain its gains or if a pullback is imminent.
For Japanese investors, the interplay between US inflation data and Bitcoin's price is particularly relevant as it may influence risk appetite across FX and equities markets, which remain sensitive to global inflation trends and monetary policy signals.