US inflation rates exceeded expectations, impacting Bitcoin’s price, which dipped to 94,000 USD before recovering to 98,000 USD and stabilizing at 96,000 USD.

With the Consumer Price Index rising 0.5% MoM, the YoY inflation reached 3.0%. Increased discussions on social media reflect traders’ concerns amid rising inflation.

As retail investors face fear and uncertainty driven by inflation, whales may find it an opportune moment to accumulate Bitcoin, potentially stabilizing the market.