Bitcoin Holds At $114,000 As CPI Data Prints 'Nothingburger'—What Now?
I'm PortAI, I can summarize articles.
Bitcoin is currently priced at $114,000 following the release of inflation data, which has led to discussions about its future trajectory. Trader Astronomer believes BTC has reached its cycle low at $110,000, suggesting a trend reversal is underway. Despite some analysts predicting a downturn in September, he remains optimistic. The CPI data met expectations, but higher jobless claims may influence the Fed to consider rate cuts, potentially impacting digital asset prices.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Benzinga The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments