Bitcoin price spiked on Friday as US CPI data fell short of expectations. BTC/USD reached $69,190 on Bitstamp, up to 4% for the day. Core CPI matched estimates at 2.5% and broader reading was 2.4%, lower than expected. Interest rate cut odds for March FOMC meeting increased to combat low inflation.

Gold aimed for $5,000 per ounce, US dollar index sought recovery post-CPI drop. US stocks traded down as Bitcoin showed enthusiasm. Market participants cautious on BTC price action, expect higher low around $68,000-$69,000 zone. Analysts predict potential momentum in the market despite fragility.

Read more at Cointelegraph: Bitcoin Gains 4% As Soft US CPI Boosts March Rate-Cut Odds