The United States reported a higher-than-expected Consumer Price Index (CPI) for December, with the annual rate reaching 2.9%, the highest since July 2024. This news was embraced positively by both traditional and cryptocurrency markets, leading to a significant increase in the price of Bitcoin and other cryptocurrencies. The rapid change in price resulted in the liquidation of millions of dollars worth of short positions, with XRP, Bitcoin, and Ethereum leading the way. As the market looks ahead to the resignation of the SEC chairman and a change in the U.S. administration, investors are speculating on the future trends for cryptocurrencies.



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