Bitcoin price tags $97K despite high producer price inflation, no US tariff ruling

Bitcoin price action headed to new eight-week highs, diverging from US stock markets after higher-than-expected November Producer Price Index data.

Bitcoin (BTC) spiked to $97,000 at Wednesday’s Wall Street open as crypto markets shrugged off resurgent US inflation.

Key points:

Bitcoin reaches fresh eight-week highs, shrugging off high US PPI inflation data for November.

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