Fed May Cut Rates After Inflation Data, Bitcoin Aims for $65K đ
đč Recent inflation data increases the likelihood of a September rate cut by the Fed, which could push#Bitcoin($BTC) to around $65,000.
đč Inflation Data: Core CPI inflation hit an expected 3.2%, the lowest since March 2021. The Fed's closely watched "supercore" services inflation fell to 2% in July from 3.9% in June. This could prompt the Fed to cut rates, with forecasts ranging from 75 to 100 basis points this year.
đč Market Impact: Bitfinex analysts say a rate cut could spark a#Bitcoinrally. Lower interest rates typically increase liquidity and attract investors to speculative assets, pushing#Bitcointo around $64,000-$65,000. However, they warn that whale sell-offs could cause short-term volatility.
đč Bitcoin Price Movements:#Bitcoinhas fluctuated around the $65,000 mark several times, influenced by factors such as inflation data and whale purchases. The positive trend in the US economy could continue to boost#Bitcoinprices.
đ Source: https://t.me/cryptoanalysisvn/1/2003
