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Bitcoin Tops $122K After Inflation Drops and Bulls Stay in Control
The cryptocurrency market has witnessed a remarkable surge recently, with the value of Bitcoin surpassing $122k for the first time. The latest price action is not only extraordinary but also reflects the ongoing upward trajectory that started after the inflation rate dropped to an unprecedented low.
According to the available data, the annual inflation rate has significantly decreased to 0.092 percent, its lowest level in 2025. This unexpected drop may have played a crucial role in fueling the latest Bitcoin rally. The current market momentum suggests that bulls are firmly in control and will continue to push the cryptocurrency higher.
The technical indicators also suggest a strong upward trend. A sharp decline in Bitcoin’s annual inflation rate has led to an increase in buying pressure, further solidifying the bullish trend.
As of writing this article, Bitcoin is trading at $122,357.10, up by 3.85% over the past day and 12% during the last seven days.
Source: cryptotale.org
