Coingape 12 Dec 2024

Will Bitcoin Price Hit New All-Time High Heading Into FOMC? 📈

FOMC US CPI Bitcoin CoinGape

Bitcoin has experienced a significant price rise, climbing 3.5% over the last 24 hours to exceed $101,000. This upward movement follows the release of US CPI inflation data, which has reinforced a bullish sentiment in the market.

As the Federal Open Market Committee (FOMC) meeting approaches, market analysts are optimistic about the potential for Bitcoin to reach a new all-time high in the coming days. The market dynamics suggest that the current momentum, driven by inflationary pressures and market expectations, could sustain further upward movements.

Source: coingape.com ↗

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