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Bitcoin Traders Target $137K as US CPI Print Raises Fed Rate Cut Odds to 94%
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Bitcoin traders target $137K as US CPI print raises Fed rate cut odds to 94% – DG Verifications & Stats
Bitcoin bulls lift their price target to $137,000 as odds of a Federal Reserve rate cut increase. Market Update 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. Bitcoin (BTC) price could continue to rally after the release of the July US Consumer Price Index (CPI), wh…
Cointelegraph
Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin traders target $137K as US CPI print raises Fed rate cut odds to 94%
Cooling US inflation fuels a Bitcoin push toward $120,000. Will BTC hit $137,000 next?
July CPI Data Could Spark Major Crypto Sell-Off
July’s U.S. Consumer Price Index (CPI) data has stirred up strong debate among crypto analysts, with many warning that the report could trigger a massive sell-off in the cryptocurrency markets. The mixed inflation signals from the July CPI readings are making investors anxious about the Federal Reserve’s next move and its impact on crypto assets like Bitcoin (BTC). July CPI Data: Mixed Signals Create Uncertainty The headline CPI in July rose 2.7…
Bitcoin Rises as US CPI Data Falls Below Inflation Targets
US CPI for July rose 2.7%, slightly below expectations, easing inflation concerns. Bitcoin and Ethereum saw significant price movements, reflecting bullish market sentiment. CPI data boosts expectations for a Federal Reserve rate cut in September, fueling optimism. The price of Bitcoin increased slightly after the publication of the US consumer price index (CPI) reports, which indicated inflation at 2.7% year-over-year in July. This represented …
US CPI data slightly below expectations. The current US inflation report is included at 2.7% year-on-year, just below the forecast of 2.8%. According to the advance as framework of Ash...
US CPI data is slightly below expectationsToday's US inflation report is 2.7 percent year-on-year, just below the 2.8 percent forecast. According to Ash Crypto's (@Ashcryptoreal) forecast, this value tends to be bullish for risk assets such as Krypto. However, the core CPI remained slightly above estimates at 3.1 percent. Markets responded positively – US stock index Futures increased and bets on a fall in interest rates in September increased. …
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