Bitcoin bulls lift their price target to $137,000 as odds of a Federal Reserve rate cut increase. Key takeaways: July US CPI held steady at 2.7% year-over-year, boosting Fed rate cut bets to 93.9% for September. Key price support lies between $117,650 to $115,650, with a deeper drop potentially testing a CME gap at $95,000.…
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Central issues: At about $27,000, bitcoin goes sideways. The most recent inflation report from the United States is due on Wednesday. Throughout the day, Ethereum and Bitcoin Cash have fluctuated. Bitcoin (BTC) remained relatively stable on Tuesday, trading at around mid-$27,000, while investors eagerly await the latest U.S. inflation report on Wednesday. According to Edward…
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In February 2023, Bitcoin surpasses $26,000 as the U.S. Consumer Price Index rises by 0.4%. When the latest Consumer Price Index (CPI) data for February 2023 were made public by the US Department of Labor, the price of Bitcoin spiked sharply over $26,000. The department reported that the seasonally adjusted CPI increased 0.4% last month…
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