CoinVoice has learned that, according to Bloomberg, the increased expectation of a Federal Reserve interest rate cut also helped boost investor sentiment on Wednesday. After U.S. CPI inflation met expectations, speculators increased their bets on a Federal Reserve rate cut, and the prospect of monetary policy easing pushed the tech-heavy Nasdaq 100 index to a record high.
Henry Elder, head of UTXO Management, said, "The market likes to see inflation meet expectations," and added that traders are "trying to figure out whether $100,000 is the upper or lower limit for Bitcoin." [Original link]
