🚀 Bitcoin Surges to New Highs – What’s Driving the Momentum?

Bitcoin just hit an all-time high of $93,400 following the latest U.S. Consumer Price Index (CPI) report, which showed a 2.6% inflation rate for October. This positive response may be just the start, as two key U.S. reports this week could shape the next market moves.

🌐 Global Market Snapshot

• The crypto market cap briefly topped $3.2 trillion before a slight pullback.
• However, total trading volume dropped by 5%, now hovering around $400 billion.

🗓️ Key Reports to Watch

• Producer Price Index (PPI) (Today): Tracking producer costs, the PPI hints at future consumer prices. If production costs rise, this often means higher prices down the line.
• Retail Sales (Nov. 15): If retail sales decline, it may signal growing recession fears, potentially impacting crypto markets.

💬 What’s Your Take? Do you think these reports will fuel another BTC rally, or is a correction on the horizon? Drop your predictions below!

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