Bitcoin (BTC) jumps and seeks US$ 59 after US inflation is lower than expected; see cryptocurrencies that rise today

Bitcoin (BTC) managed to reverse the week's losses and gain some momentum this Thursday (11), reaching the level of US$ 59 thousand. As a result, the largest cryptocurrencies in the world today also operate in the black. 

Bitcoin jumps on interest expectations

Immediately after the inflation data, markets already priced in about an 87% chance of the Fed starting to cut rates at its next meeting in September. Previous estimates pointed to chances of 75%, according to data from CME Group.

It is worth remembering that North American interest rates are closely monitored by investors, both in traditional markets and those who bet on cryptocurrencies.

In general terms, the market expects that, with the North American interest rate cuts, there would be greater global liquidity, which tends to increase the value of risky assets, such as shares and cryptocurrencies. 

Finally, it is worth saying that the interest rate cut could boost BTC to US$ 100, according to analysts in this market.