Bitcoin has surged sharply, exceeding $89,000, following the release of new inflation data in the U.S. According to updated statistics from the U.S. Bureau of Labor Statistics for November, the Consumer Price Index (CPI) year-over-year has decreased to 2.7%. This is the lowest level since July 2025 and significantly lower than both the forecasted 3.1% and the September figure of 3%.
This is reported by Finway
Decline in Inflation and Cryptocurrency Market Reaction
Following the release of the statistics, the cryptocurrency market reacted with a rapid increase. Bitcoin almost instantly surpassed the $89,000 mark, and at the time of publication, it was trading near $88,500. Many analysts attribute this strengthening of the leading cryptocurrency to the decline in inflation, which is traditionally seen as a positive signal for investors.
Statistics Insights and Expert Opinions
The October inflation report was not released due to a U.S. government shutdown. In the November calculations, the Bureau of Labor Statistics was forced to assume zero growth in rental prices for October, which drew criticism from experts.
“This is absolutely unacceptable. The Bureau of Labor Statistics simply assumed that rental prices and the equivalent rent index for homeowners in October were zero. I’m sure they have a technical explanation, but this approach distorts the real data.”
According to Omair Sharif, president of Inflation Insights, such an approach may distort the actual state of the market; however, the overall trend toward slowing inflation remains evident.
Previously, the International Monetary Fund warned about the potential risks of national currencies being replaced by stablecoins in countries with high inflation. Recent events confirm that inflation dynamics continue to influence investor behavior and cryptocurrency prices.