Bitcoin's price surged after the Consumer Price Index (CPI) revealed a 2.8% increase in consumer prices for the year ending February, slightly below economists' expectations of 2.9%. Core inflation, excluding food and energy, rose 3.1%, down from January's 3.3%. Despite this cooling, inflation remains above the Federal Reserve's 2% target. Bitcoin jumped to $84,000, reflecting a 1% increase in a short period. The Federal Reserve is facing challenges in tackling inflation amidst ongoing trade tensions and changes in economic policies. President Trump's remarks about falling prices in certain sectors were noted, although concerns about a potential recession loom over the market. In contrast to these developments, Bitcoin and major cryptocurrencies rebounded after previous declines, demonstrating volatility in response to economic indicators and political factors. This scenario underscores the interconnectedness of cryptocurrency markets and traditional economic statistics.

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