Bitcoin Price Prediction: Impact of Fed’s Rate Cut Signals and Cooling CPI
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The cryptocurrency market has recently seen significant fluctuations, especially Bitcoin, which currently trades at approximately $58,000. Despite a broader market downturn, Bitcoin shows resilience with a market cap exceeding $1 trillion. However, trading volumes have decreased as traders adopt a cautious stance, awaiting key U.S. economic indicators like the Fed’s rate cut signals and cooling CPI.
Source: cryptonews.com ↗
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