Ethereum

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-stands-firm-as-us-inflation-data-impacts-rate-cut-outlook" rel="noopener noreferrer nofollow">Bitcoin Stands Firm as US Inflation Data Impacts Rate Cut Outlook</a><br></p>
<p style="text-align: justify">In light of recent US inflation data signaling continuous price increases in various sectors, <a href="https://en.bitcoinhaber.net/bitcoins-precarious-path-echoes-of-2019s-crash-loom" rel="noopener noreferrer nofollow">Bitcoin</a> has shown surprising stability. Despite initial concerns, the cryptocurrency market, with Bitcoin as a key player, has demonstrated robustness, recovering quickly from a slight downturn. Observers had anticipated that inflation figures might prompt a more cautious monetary policy, potentially leading to an interest rate decrease. However, fresh statistics have resulted in a recalibration of these expectations, suggesting rate cuts may not occur as soon as predicted.</p>
<h2 id="bitcoin-rebounds-despite-economic-signals">Bitcoin Rebounds Despite Economic Signals</h2>
<p style="text-align: justify">After the release of January’s inflation report, which showed a mixed bag of price changes, Bitcoin’s value initially dipped. The digital currency, after falling below the $50,000 mark, managed a rebound, climbing above $49,500. This swift recovery underscores the digital asset’s resilience, even as traditional markets remain cautious about the inflation outlook and its implications on interest rates.</p>
<p style="text-align: justify">Truflation’s Oliver Rust highlighted Bitcoin’s tenacity in the face of these economic indicators. Initially, the asset experienced a decline following the inflation announcement, but quickly recovered, seemingly defying broader market sentiment. Rust suggested that this indicates an anticipation of continued high-interest rates, rather than a near-term reduction.</p>
<p style="text-align: justify">Rust also pointed out that, barring any softening in economic data, the possibility of a rate cut might be postponed to later in the year. Market participants appear to be adjusting to the likelihood of enduring higher rates for a longer duration.</p>
<h2 id="polymarket-optimistic-about-bitcoin-s-record-high">Polymarket Optimistic About Bitcoin’s Record High</h2>
<p style="text-align: justify">On Polymarket, a platform for prediction contracts, the sentiment about Bitcoin achieving a new all-time high remains positive. Current predictions assign a 59% chance that Bitcoin will surpass its previous peak this year. Additionally, there is a strong belief, at 66%, that Bitcoin will set a new high before Ethereum does, indicating significant confidence in Bitcoin’s future performance.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-stands-firm-as-us-inflation-data-impacts-rate-cut-outlook" rel="noopener noreferrer nofollow">Bitcoin Stands Firm as US Inflation Data Impacts Rate Cut Outlook</a></h5>

Bitcoin Stands Firm as US Inflation Data Impacts Rate Cut Outlook

Mục lục

BH NEWS

Các bài viết khác được xuất bản trên 14 thg 2, 2024

Robert Kiyosaki: Bersiap untuk Keruntuhan 70% dari Pasar Saham AS

Bitcoin Soars to New Heights with Intense ETF Market Participation

Bitcoin ETF Inflows Surge as Investors Show Interest

Starknet Foundation Announces STRK Token Airdrop for 1.3 Million Wallets

Crypto Sector Faces Major Accusation from Russia’s Central Bank

Major Gaming Token Unlocks Expected in February, Potentially Harvesting Millions

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!