New Delhi, March 13 -- World's biggest cryptocurrency Bitcoin surged past $84,000 on Wednesday after U.S. inflation data revealed a sharper-than-expected decline, reinforcing hopes that the Federal Reserve may ease monetary policy sooner than anticipated.

The U.S. Consumer Price Index (CPI) increased by 2.8 per cent year-over-year in February, a decline from the 3 per cent growth recorded in January and falling short of the anticipated 2.9 per cent, as reported by the U.S. Bureau of Labor Statistics.

The lower inflation reading moves closer to the Federal Reserve's 2 per cent target, a critical benchmark that could shape upcoming interest rate decisions. Following the announcement, Bitcoin surged within minutes, continuing its recovery ...