Crypto Markets Brace for US Economic Data Impact
TL;DR
The crypto market is closely watching the upcoming US CPI and PPI inflation figures, which could influence Bitcoin and altcoin rallies. Despite potential short-term pullbacks, Bitcoin recently hit an all-time high of $103,900, driven by optimism over pro-crypto regulations. Analysts predict further gains, with Bitcoin possibly reaching $112,926, as whale accumulation and retail interest grow. Historical trends suggest Q4 is favorable for cryptocurrencies, and the market remains optimistic despite inflation concerns.
- US CPI In Focus As Bitcoin & Altcoins Gear Up For Further Rally CoinGape
- Take Five: Crypto gain, Europe pain Reuters
- Key Economic Indicators To Watch This Week: ECB Rate Cut, Microsoft's Decision On Bitcoin CCN.com
- Bitcoin sparks crypto rally, jobs report looms: Market Takeaways Yahoo Finance
- Volatility Ahead With 3 US Economic Data Driving Bitcoin Sentiment This Week BeInCrypto
Want the full story? Read the original reporting
Read on CoinGape