According to a trader, Bitcoin’s current price indicates anticipation of two Federal Reserve rate cuts in 2024
Bitcoin (BTC) is poised to build on Wednesday’s increase, hovering near $70,800, while ether (ETH) is trading above $3,500, as the market continues to digest higher-than-expected U.S. CPI data and slowing outflows from the Grayscale Bitcoin Trust (GBTC). “Despite a hawkish CPI report and robust inflation figures, Bitcoin demonstrated resilience, experiencing only a slight retracement … Read more