Bitcoin Price Stalls. Why Inflation Data Matter for Crypto.
Bitcoin rose modestly early Wednesday as investors await the latest U.S. inflation reading. The world’s largest cryptocurrency traded largely flat over the last 24 hours to $96,910, according to CoinDesk data. It’s up more than 40% since Nov. 5 when President-elect Donald Trump won a second term in the White House, promising a more friendly regulatory regime for digital currencies.