Bitcoin (BTC) surged above $114,000 on a strong 0 surge was fueled by the weaker-than-expected August Producer Price Index (PPI) and last week's downwardly revised employment data, along with the growing likelihood of a Fed rate 1 to the Chicago Mercantile Exchange's (CME) FedWatch tool, there's a 90% chance of a rate cut at the meeting on September 2 cuts can generally create a supportive environment for risky assets, giving markets, including cryptocurrencies, upward 3 News: Experienced Analyst Warns Against Bitcoin's Surge: “The Picture Has Not Turned Optimistic Until It Exceeds This Level” Market analysis platform Tephra Digital, in an assessment on X (formerly Twitter), stated, “If Bitcoin maintains its lagging correlation with M2 money supply and gold prices, it could rise to the $167,000-$185,000 range by the end of the year.” This suggests that Bitcoin is more sensitive to macroeconomic environments with relatively high liquidity.
Meanwhile, with the resurgence of Trump-era stimulus policies in the markets, the Fed's interest rate policy in the second half of the year stands out as a critical variable for the future of cryptocurrency 4 warn that the Fed's monetary policy direction and the speed with which key economic indicators are reflected in the market should be closely monitored. *This is not investment 5 Reading: What to Expect from Bitcoin in the Coming Period? Analysis Platform Shares Year-End BTC Price Forecast
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