Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally

“Investors consider this as a bullish regime shift, as it marks the first decrease in CPI inflation over the last three months,” Bitfinex analysts said in a market update. This, together with the Federal Reserve previously announcing its intention to taper the central bank’s balance sheet run-off, “is seen as a favorable print for risk assets,” Bitfinex added.

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• Source: https://www.coindesk.com/markets/2024/05/15/bitcoin-hits-66k-as-soft-inflation-data-sparks-crypto-rally/?utm_medium=referral&utm_source=rss&utm_campaign=headlines