The Coin Republic
1 week ago
US CPI Inflation Rises to 2.4%, What’s Next for Bitcoin Price? 💹
The US headline CPI inflation rate has risen to 2.4%, slightly below the forecasted 2.5%, signaling an increase for the first time in three months. This development is pivotal as it influences market sentiments, especially in the cryptocurrency sector, prompting a slight increase in Bitcoin and Ether prices.
Market participants are particularly focused on the possible ripple effects of Trump tariffs, which could indirectly shape the Fed's forthcoming decisions. With the possibility of a Federal Reserve interest rate cut, traders are keeping a close eye on how these factors might impact Bitcoin's future valuation.
Source: www.thecoinrepublic.com ↗
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