Crypto Markets Brace for US Economic Data Impact
TL;DR Summary
The crypto market is closely watching the upcoming US CPI and PPI inflation figures, which could influence Bitcoin and altcoin rallies. Despite potential short-term pullbacks, Bitcoin recently hit an all-time high of $103,900, driven by optimism over pro-crypto regulations. Analysts predict further gains, with Bitcoin possibly reaching $112,926, as whale accumulation and retail interest grow. Historical trends suggest Q4 is favorable for cryptocurrencies, and the market remains optimistic despite inflation concerns.
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