Bitcoin Rally Likely as Inflation Data Sparks Hopes for Fed Rate Cut
11.12.2024 15:52 1 min. read Alexander Zdravkov
The latest U.S. inflation data, showing a slight uptick in CPI to 2.7% in November, has ignited optimism among cryptocurrency investors, particularly for Bitcoin and altcoins.
The report, which was largely in line with expectations, has raised hopes of another potential rate cut from the Federal Reserve at its upcoming meeting. This expectation of easing monetary policy could boost the cryptocurrency market, which has seen increased interest amid shifting economic conditions.
Bitcoin, in particular, stands to benefit from these developments. The potential for lower interest rates often drives investors to riskier assets like Bitcoin, and this CPI data might be a signal that the market is poised for another rally.
As the broader market remains bullish, Bitcoin could see substantial gains, supported by institutional inflows and growing investor confidence.
The steady inflation numbers, paired with the Fed’s likely dovish stance, could be a catalyst for a new phase of growth in the crypto market, making Bitcoin and other digital assets attractive alternatives to traditional investments.
Investors are closely watching how the Fed responds, as their decisions could play a pivotal role in the price movements of cryptocurrencies in the coming weeks.
At the time of writing, Bitcoin is trading at $98,630 with a $94.3 billion trading volume in the past 24 hours. The total cryptocurrency market is up 2.05% during this period and is currently valued at $3.53 trillion.
-
1
Rising Bets on Fed Rate Cuts as Recession Fears Intensify
07.04.2025 21:00 2 min. read -
2
G7 Leaders Seek Unity Amid Market Turmoil Sparked by U.S. Trade Moves
10.04.2025 19:00 2 min. read -
3
Switzerland Reconsiders EU Ties as U.S. Tariffs Shake Global Stability
11.04.2025 12:00 2 min. read -
4
Experts Question Trump’s Tariff Move: Temporary Relief or Deeper Uncertainty?
11.04.2025 18:00 1 min. read -
5
China Hits Back at U.S. Tariffs, Calls Washington’s Strategy ‘A Joke’
12.04.2025 15:00 2 min. read
Switzerland’s Central Bank Dismisses Bitcoin’s Role in National Reserves
Switzerland’s central bank remains firmly opposed to adding Bitcoin to its reserves, despite growing pressure from crypto advocates.
Federal Reserve Flags Growing Risks to U.S. Economy in New Stability Report
The Federal Reserve’s newest Financial Stability Report paints a more anxious picture of the U.S. economy, highlighting rising global trade tensions, growing policy uncertainty, and worries over the nation’s debt levels as key threats to financial stability.
Spot Bitcoin ETFs See Best Week Since 2024 Amid Market Recovery
Bitcoin investment products just recorded one of their strongest weeks in recent memory, as spot BTC ETFs based in the U.S. attracted over $3 billion in new inflows.
Altcoins Face Uncertainty as Bitcoin Shows Signs of Strength
Crypto analytics firm Alphractal has released new insights into the altcoin market, highlighting RAY as the token with the highest long-to-short ratio among major altcoins.
-
1
Rising Bets on Fed Rate Cuts as Recession Fears Intensify
07.04.2025 21:00 2 min. read -
2
G7 Leaders Seek Unity Amid Market Turmoil Sparked by U.S. Trade Moves
10.04.2025 19:00 2 min. read -
3
Switzerland Reconsiders EU Ties as U.S. Tariffs Shake Global Stability
11.04.2025 12:00 2 min. read -
4
Experts Question Trump’s Tariff Move: Temporary Relief or Deeper Uncertainty?
11.04.2025 18:00 1 min. read -
5
China Hits Back at U.S. Tariffs, Calls Washington’s Strategy ‘A Joke’
12.04.2025 15:00 2 min. read
