🚀 Bitcoin's price is soaring, hitting nearly $64K, a 4% hik

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🚀 Bitcoin's price is soaring, hitting nearly $64K, a 4% hike, as the US CPI data meets expectations. 👀 • The Federal Reserve's potential easing of anti-inflationary measures is fueling speculation of a BTC rally. Lower interest rates could mean more investment in riskier assets like Bitcoin. • April 2024's total CPI was exactly as predicted at 3.4%. The Fed's goal? Reduce annual inflation to 2% with strategies like rate hikes. • The latest CPI data is a precursor to the Federal Open Market Committee Meeting on June 12. A pivot on the aggressive anti-inflationary regime is hinted, but don't expect a rate cut until July. 💭 Think Bitcoin will continue to rise? Let's chat in the comments! #Bitcoin #CPI #FederalReserve

🚀 Bitcoin's price is soaring, hitting nearly $64K, a 4% hike, as the US CPI data meets expectations. 👀 
• The Federal Reserve's potential easing of anti-inflationary measures is fueling speculation of a BTC rally. Lower interest rates could mean more investment in riskier assets like Bitcoin. 
• April 2024's total CPI was exactly as predicted at 3.4%. The Fed's goal? Reduce annual inflation to 2% with strategies like rate hikes. 
• The latest CPI data is a precursor to the Federal Open Market Committee Meeting on June 12. A pivot on the aggressive anti-inflationary regime is hinted, but don't expect a rate cut until July. 
💭 Think Bitcoin will continue to rise? Let's chat in the comments! #Bitcoin #CPI #FederalReserve