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Bitcoin Breaks $57K Barrier as Fed Rate Cut Odds Surge to 85% Coin Edition il y a 6 jours

Bitcoin Breaks $57K Barrier as Fed Rate Cut Odds Surge to 85% 📈

U.S. Consumer Price Index USA Bitcoin Federal Reserve

The probability of a 25 basis point rate cut by the Federal Reserve surged to 85% following a slight increase in the core Consumer Price Index (CPI) to 0.3%. This news drove Bitcoin (BTC) prices above $57,000, indicating strong demand and bullish market sentiment.

The latest U.S. CPI data has had a significant impact on Bitcoin's price movements, suggesting a direct correlation between expectations for Federal Reserve policy actions and cryptocurrency market trends.

The market's positive reaction underscores the growing interest in Bitcoin as both an investment vehicle and a speculative asset amid changing economic conditions.

Source: coinedition.com ↗

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