“The CPI Missed Estimates Wednesday, EASING CONCERNS OF A TARIFF-Peld Upswing in Price Pressures.”, – WRITE: www.coindesk.com
Potentilly to $ 200,000 by the end of the year, accounting to matt mena, Crypto research strategist at 21shares.
“If BTC Breaks Out of the $ 105k- $ 110k Range with CONVICtion, We Could See a Sharp Move to $ 120k and, More Importantly, Reach Our Year-End of the ADER, Told Coindesk in an Email.
“Today’s Cpi Print May Serve as a Bullish Catalyst for Bitcoin – and It May Be Unlock That Brings This Target Forward by Several MONTS FIRMLY IN PLAY, “MENA ADDED.
21shares is One of the World’s First and Largest Issuers of Crypto Exchange-Traded Products (ETPS),
The report from the Labor Department Released Wednesday Showed That Cost of Living, Measure by the Consumer Price Index (CPI) ROSE 0.1% Last MONTH AFTER INCREASING 0.2%. Economists Surveyed by Reuters Had Forecast A 0.2% Increase.
NotBly, The CPI for Durable Goods, MOST OF WHICH ARE IMPORTED OR ManUFACTUD WITH IMPORTED CONTENT, DECREASED by a Seasonally Adjusted 0.1% President Donald Trump’s Tariffs have not Yet been Fully passed Through to the Final Consumer.
The Annualized CPI Advanced 2.4%, with Core Inflation Matching The Pace of April at 2.8%.
“This Continued Trend of Cooling Inflation StrengThens the Case for Potential Policy EASING LATER THERE YEAR. WITH the Fed’s June Meeting Approaching, The Focus Now SOPTS to HOW SOONON POLY POLY POLY POLYPYPORS And Shifting Macro Clarity, “Mena Sid in An Email to Coindesk.
The CPI Report Prompted Traders to Price in 47 Basis Points of Fed Easing, Equivalent to Roomhly Two 25 Basis Point Rate Cuts, This Year, Compared to 42 Basis Points Early. Further, Traders Priced Fully Priced The Rate Cut for October, with the September Probability Hovering Above 70%.
Mena Explained that CPI Tailwind Comes on the Heels of Several Bullish Catalysts, Such as Sovereign and Institutional Adoption and the Impending Stablecoin Regulation.
“AS Macro Clarity Improves, We Should See Bitcoin Flows Accelerate – Driven by Renewed Institutes Bitcoin Reserve (SBR) Programs.
BTC Changed Hands at $ 108.440 at Press Time, Account to Coindesk Data.
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