Breaking: U.S. CPI Data Shows Inflation At 6.4%; Time For Bitcoin Price To Shine?

The chronically high costs that have burdened the people of the United States have some highly encouraging news this Tuesday morning. The Consumer Price Index (CPI), a crucial economic indicator that tracks the average change in consumer prices for a range of goods & services, showed a significant decline in inflation for the month of December; bringing it to the lowest level in nearly a year. With the latest CPI number coming in at 6.4%, it strengthens the case for lowering inflation, which can drive up cost of volatile assets like Bitcoin’s (BTC) price, which is currently trading at $21,660.