PANews reported on January 15 that, according to Jinshi, although the overall inflation rate in the United States in December rose faster than expected, investors are currently in buying mode after the unexpected decline in the core CPI year-on-year. The price of Bitcoin rose by about $1,500 in the minutes after the report was released to $98,500 after the report was released, up 2% in the past 24 hours. Since the December Fed's interest rate decision, Bitcoin has mostly consolidated below $100,000 due to concerns about sticky inflation and a hawkish Fed. The December PPI released on Tuesday showed that inflation data was lower than expected, supporting a rebound in Bitcoin.