Bitcoin Holds Near $69K as February US CPI Data Meets Market Expectations

The US Labor Department reported a 0.3% rise in the February Consumer Price Index and a 2.4% annual increase, both in line with forecasts. Core CPI gained 0.2% month-over-month, while Bitcoin briefly swung between $69,000 and $69,800 before stabilizing around $69,300. Analysts now expect the Federal Reserve to keep interest rates unchanged at its upcoming FOMC meeting.