US Inflation Declines: What Does It Mean for Bitcoin?

- US inflation was 2.9% in July, below market expectations.

- This could allow the Fed to cut interest rates, which experts say could help Bitcoin return to its all-time highs.

- However, despite the positive news, BTC first rose to $62,000 and then fell 3%.

- The crypto market is still recovering from its sharp drop on August 5. 📉