Bitcoin regained a foothold comfortably above $22,000, despite a tepid, January U.S. Consumer Price Index data (CPI).

The largest cryptocurrency by market capitalization was recently trading over $22,200, a more than 3% gain during the past 24 hours. BTC had been lingering below $22,000 for the previous five days amid growing investor concerns about stablecoin regulation and U.S. central bank inflation-fighting measures.

January’s CPI rose 0.5% versus 0.1% a month earlier, in line with economist forecasts. But on a year-over-year basis inflation ran hotter than hoped, arriving at 6.4% pace versus 6.5% in December and against predictions for 6.2%. Year-over-year core CPI – which strips away more volatile food and energy costs – was faster than forecast at 5.6% versus 5.5% expected and down from 5.7% a month earlier.