Bitcoin bulls foiled again as price tumbles back to $86,000, giving up CPI gains and more

Far softer than expected inflation numbers Thursday morning had markets racing early, but some are questioning the data. What to know : In what's now become a regular occurrence during this bear market, crypto markets swung from sizable gains to sizable losses in a very short time frame. Bitcoin early in U.S. action Thursday had popped above $89,000 after a far softer than forecast CPI print initially raised hopes for easier Fed monetary policy. Though well off session highs, equity markets remain nicely in the green for day, continuing their 2025 pattern of outperforming crypto.