🚨 Bitcoin Surges Past $68K as US Inflation Cools — But Fed Cuts Aren’t Guaranteed
$BTC jumped above $68,000 after U.S. inflation came in softer than expected. The cooler CPI eased fears of persistent inflation, briefly boosting risk appetite across markets.
Data shows inflation running below expectations, reducing pressure on the Fed’s rate path and giving traders hope for future cuts. The catch: even with softer CPI, the odds of an immediate rate cut remain low, according to market pricing and FedWatch.
While the inflation surprise sparked a relief rally and helped BTC reclaim key levels, the macro backdrop is still not decisively dovish. Traders are watching the trend in inflation cooling, not just one print, since the Fed’s next move depends on sustained momentum.
Crypto Implications:
📊 Short-term strength on data surprises
📉 Medium-term caution due to uncertain policy
🔍 Key resistance: $68K–$69K
CTA:
With soft inflation but uncertain Fed policy, is Bitcoin’s rally SUSTAINABLE or just a BOUNCE? Comment below 👇
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