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Key points:
– Bitcoin surged over $114,000 on Wednesday amid softer-than-expected inflation figures 📈
– Major altcoins broke resistance levels, hinting at an upward trend 🚀
BTC’s rally was triggered by lower-than-expected inflation figures and revised job data, increasing rate cut expectations. CME Fedwatch predicts a 90% chance of a rate cut on Sept 17, potentially driving BTC to $167,000 – $185,000 by year-end if correlations hold 📉
https://altcoin.observer/ppi-weak-leads-to-bitcoin-altcoin-rally/
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