According to The Kobeissi Letter, Bitcoin surged above $84,000 after the U.S. Consumer Price Index (CPI) reported inflation falling more than expected. This significant price movement highlights the cryptocurrency's sensitivity to macroeconomic indicators, suggesting a potential shift in investor sentiment towards risk assets in light of easing inflation pressures.

According to Crypto Rover, the U.S. CPI inflation jumped by 0.5% in one month, marking the largest increase since August 2023. This development is viewed as bearish for the cryptocurrency market, suggesting that higher inflation rates could lead to tighter monetary policies, potentially reducing liquidity and investment in digital assets.