Bitcoin: Crypto Market Pumps on Softer CPI
Bitcoin pumps after softer CPI eased rate hike fears, with $56M short liquidations and ETF inflows driving the move.
SourceAnalysis
Bitcoin and the Crypto Market pumped today after softer-than-expected CPI eased rate hike fears, markets rapidly repriced Fed expectations, ~$56M in short liquidations accelerated the move and Bitcoin ETF inflows plus improving macro sentiment added support.
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