Crypto braces for new CPI release that’s seen to ‘trigger Bitcoin’s next all-time high’ – DL News
- July CPI widely expected at 2.8% year-on-year.
- Fresh data could affect the Federal Reserve’s rate cut plans and asset prices.
- Analysts anticipate Bitcoin to hit $200,000 in 2025.
Markets are on high alert ahead of US inflation data set to be released on Tuesday, which could set the stage for crypto’s next rally.
That’s according to Alice Liu, head of research at CoinMarketCap, who said that the Consumer Price Index, or CPI, could “lock in expectations for a September Fed rate cut, which is generally bullish risk-on assets like crypto.”
Low rates usually incentivises investors to tap into riskier bets like digital assets.
The CPI figures “could potentially trigger Bitcoin’s next all-time high,” Liu said in comments shared with…
