📊Bitcoin Braces for Macro Volatility as US Inflation Data Confuses Fed!

$BTC price has been hovering around $61,000 after mixed U.S. economic data sent ripples through the markets. The latest Consumer Price Index (CPI) report revealed inflation growing faster than expected, with a 2.4% year-on-year increase. At the same time, jobless claims surged to their highest level since June 2023, creating a confusing economic picture for the Federal Reserve.

This contradictory data is challenging for the Fed, with some experts calling it a "nightmare" scenario. While inflation is rising, the labor market is showing weakness, making it hard for the Fed to navigate interest rate cuts. Despite this, market sentiment is shifting toward the likelihood of a 0.25% rate cut in November, which many believe could be bullish for Bitcoin. Some traders, including Michaël van de Poppe, expect Bitcoin to benefit from these economic shifts, as lower interest rates and possible Quantitative Easing (QE) would likely drive more investors toward crypto as a hedge against inflation.

In short, $BTC may experience increased volatility in the coming days, with key factors like Fed policy decisions and inflation concerns shaping its future price movements. Keep an eye on these developments as they unfold!

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