Bitcoin is resistant to inflation in the US and a reduced likelihood of a Fed rate cut in the first half of the year, says Truflation analyst. Despite a slight decline in the value of the cryptocurrency after the publication of data on the growth of the consumer price index in the United States, the market remains optimistic. According to Polymarket, there is a 59% chance that Bitcoin will make an all-time high in 2024, and a 66% chance that it will do so before Ethereum.