Is Bitcoin A 90% Surge Incoming? Analyst Sees Bottom As Inflation Data In Focus
Submitted by Anonymous (not verified) on Mon, 05/13/2024 - 21:20Bitcoin prices are moving sideways when writing and are generally firm.
Bitcoin prices are moving sideways when writing and are generally firm.

Major U.S. equity indices closed the day lower as faster CPI reading for March, will BTC was up 1%.

Stubbornly high inflation has shattered Wall Street expectations for a long series of rate cuts in 2024.
Bitcoin retreats from its $72,000 high as investors eye the US CPI report, which could influence the Fed's interest rate decisions.

Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed's willingness to begin cutting rates.

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