The U.S. Bureau of Labor Statistics has announced that August's Consumer Price Index (CPI) inflation rate has decreased to 2.5%, which is lower than the expected 2.6%.
This marks the end of a 40-month period where inflation remained at or above 2.9%, and it is the fifth consecutive month of declining CPI inflation.
This positive news has provided an optimistic outlook for Bitcoin, with its price nearing the $60K mark.
