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Bitcoin and Crypto Market Awaits Fed’s Inflation Data Impact
Crypto 9 days ago
Bitcoin and crypto markets are experiencing sharp swings as investors brace for the latest U.S. inflation report, which could dictate the Federal Reserve’s next move on interest rates. The bitcoin price recently neared its all-time high but retreated amid macroeconomic uncertainty, with traders closely monitoring the CPI data for clues.
Analysts warn of potential range-bound trading in the coming weeks, citing unresolved global trade issues and speculation about the Fed’s September rate decision. A rate cut or clearer trade policies could reignite bullish momentum, pushing Bitcoin past previous records.
Market sentiment remains cautious, with major players hesitant to make bold moves until after the inflation data release. The outcome could either fuel a crypto rally or prolong the current sideways trend, leaving traders on edge.
