Bitcoin Briefly Tops $112,000 on Soft CPI Data Before Retreating Amid Wall Street Selling
Bitcoin experienced a volatile trading session on Friday, briefly surging to $112,000 following softer-than-expected U.S. inflation data before retreating as traders confronted thin liquidity and selling pressure at the Wall Street market open. Inflation Data Triggers Risk-On Rally The initial surge to $112,000 occurred after the latest Consumer Price Index (CPI) report indicated cooling inflation…