Bitcoin Rebounds, Inflation Slows
This is a news story, published by CNBC, that relates primarily to The Bureau of Labor Statistics news.
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Crypto pricesCNBC
•Bitcoin swings back above $97,000, in stunning reversal, as light inflation data stokes risk appetite
76% Informative
Bitcoin rose 4.5% to $ 97,044.35 on Tuesday , after sliding below the $ 90,000 support level to start the week .
The price of the flagship cryptocurrency is 10% off its Dec. 17 record.
The Bureau of Labor Statistics reported cooler-than-expected inflation in December .
The producer price index, which measures wholesale inflation, increased just 0.2% .
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