Bitcoin Price Analysis: CPI Meets Expectations and FOMC Outlook
Bitcoin Price Analysis: CPI Meets Expectations
The latest CPI print for August showed a headline CPI of 2.5%, which is an encouraging sign for Bitcoin and the whole crypto market. With inflation cooling down, the Federal Reserve is likely to cut interest rates, which could ignite a new crypto bull run.
Impact of CPI on Bitcoin Prices
With the CPI coming in as expected, many investors anticipate a positive market reaction. The CME FedWatch tool currently indicates an 87% probability of a 25 bps cut during the next FOMC meeting on September 18th. Such moves could provide the liquidity needed for a bullish turn in Bitcoin prices.
Potential Altcoin Growth in the Next Bull Run
- Solana and Low-Cap Gems: There's a growing interest in altcoins like Solana as market whales continue to invest heavily.
- New Projects: Innovative projects, including Memebet Token and Crypto All-Stars, are gaining traction, attracting significant investments.
Analysts believe that the next phase of market expansion will be altcoin led, with many expecting significant returns.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.