INFLATION COOLS DOWN, BITCOIN HOLDS STEADY!

In a surprise move, the US CPI inflation rate dropped to 2.5% in August, beating expectations and signaling a cooling inflation! But what does this mean for Bitcoin?

The subtle reaction from Bitcoin's price suggests that markets had already priced in this positive news. With inflation moderating, the stage is set for a potential rate cut at the upcoming Federal Open Market Committee meeting.

Here are the highlights:

US CPI inflation fell to 2.5% in August, down from 2.9% in July

Bitcoin's price remains steady, trading at $56,528Markets anticipate a 25 basis point rate cut in September

What's next for Bitcoin? Will the rate cut boost its price or is this just a calm before the storm?

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