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crypto market SURGES after AMERICAN CPI DATA RELEASE?! 🚀📈 analysts predicting FED RATE CUT?? michelle bowman v.
bruhhhh crypto pumpin’ on dat CPI data?! 🚀📈 Fed rates cuttin’, Bitcoin and Ethereum leadin’ the
The IPC data release catalyzed a surge in the crypto market, with Bitcoin and Ethereum leading the rally: market optimism aligns with the post-
TLDR:
– American IPC inflation rate at 2.7%, below 2.8% expected, with a 0.2% monthly increase.
– Cryptocurrency market surged post-IPC release, total cap reached $3.94 billion.
– Bitcoin and Ethereum led the rally.
– CME Fedwatch shows 82.4% chance of 25-basis-point rate cut in September.
IPC data triggered crypto market surge. Analysts predict Fed rate cut. Mixed Fed signals noted. Michelle Bowman favors rate cuts, Jeff Schmid prefers stable rates. Bitcoin surged post-IPC, aligning with market optimism. Crypto market cap rose to $3.94B. Market responds to lower inflation.
The crypto market is climbing after data on American CPI data in September
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