{"id":136554,"date":"2024-08-31T19:00:36","date_gmt":"2024-08-31T16:00:36","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136554"},"modified":"2024-08-31T17:58:06","modified_gmt":"2024-08-31T14:58:06","slug":"will-bitcoin-break-out-of-its-range-as-u-s-election-and-economic-data-loom","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/will-bitcoin-break-out-of-its-range-as-u-s-election-and-economic-data-loom\/","title":{"rendered":"Will Bitcoin Break Out of Its Range as U.S. Election and Economic Data Loom?"},"content":{"rendered":"

This was expected by market watchers, especially after four consecutive days of outflows from spot Bitcoin<\/a><\/strong> ETFs.<\/p>\n

According to many, the broader macroeconomic environment is largely to blame for these outflows. U.S. inflation came in a bit weaker than expected at 2.5% year-over-year versus the 2.6% analysts had forecast.<\/p>\n

This softer inflation figure is pushing the Federal Reserve towards a more accommodative stance in the next quarter. While equities have rallied, with the Dow hitting record highs, Bitcoin<\/strong><\/a> remains largely unaffected. The crypto market appears to be in stall mode, waiting for a significant event to trigger a move.<\/p>\n