The Economic Times

Bitcoin price (BTC USD) hits 2-month high after Strategys (MSTR) $1.25B buy & soft US inflation here's why Peter Schiff says traders are making a costly mistake

Bitcoin price surged to its highest in two months, nearing $97,700. MicroStrategy's significant Bitcoin purchase fueled this rise. Supportive US inflation data also boosted investor confidence in risk assets. Other cryptocurrencies like Ethereum also saw gains. However, some experts remain skeptical, calling it a temporary rally. Meanwhile, US stocks experienced a decline.