**Bitcoin Poised for a Comeback Amid Lower Inflation**

Bitcoin enthusiasts have reason to be optimistic as lower-than-expected core inflation in the US could pave the way for BTC to retest its all-time highs. On Aug. 14, the US Bureau of Labor Statistics reported a July Consumer Price Index (CPI) increase of just 2.9% annually, the slowest since 2021.

Zach Pandl, Grayscale’s head of research, noted this could prompt the Federal Reserve to cut rates sooner, weakening the US Dollar and boosting Bitcoin. Futures markets are already pricing in a potential rate cut at the Fed’s September meeting.

Despite initial excitement, Bitcoin's price saw a brief spike to nearly $62,000 before dropping 3%. However, the crypto market has largely rebounded from a sharp decline earlier this month. Grayscale remains a key player, managing over $25 billion in crypto assets.