Bitcoin Reacts to Inflation Data: Fed Rate Cut Incoming?
Update: 2025-09-10
Description
Bitcoin jumps as new data hints at possible Fed rate cuts! A drop in the producer price index fueled optimism, pushing Bitcoin above $114,000, while Ethereum saw a smaller gain. But core inflation is still a concern, and all eyes are on tomorrow's consumer price index report, which could trigger big swings in the crypto market. Plus, the Fear and Greed Index is neutral as traders brace for the Federal Reserve's upcoming decision on interest rates.
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