According to The Kobeissi Letter, Bitcoin has surged above $84,000 after the U.S. Consumer Price Index (CPI) inflation fell more than expected. This significant movement in Bitcoin's price is directly linked to the latest inflation data, indicating a potential shift in investor sentiment towards cryptocurrencies as a hedge against inflation.

According to The Kobeissi Letter, Bitcoin surged above $84,000 after the U.S. Consumer Price Index (CPI) reported inflation falling more than expected. This significant price movement highlights the cryptocurrency's sensitivity to macroeconomic indicators, suggesting a potential shift in investor sentiment towards risk assets in light of easing inflation pressures.

According to Crypto Rover, Bitcoin has dropped below the significant $84,000 level, indicating a potential bearish trend in the cryptocurrency market. Traders should watch for further support levels and possible market reactions as this price drop could influence trading strategies and investor sentiment.