Lower Than Expected CPI Data Signals Potential Bullish Trend for Altcoins and Bitcoin | Flash News Detail | Blockchain.News
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6/12/2024 12:36:24 PM

Lower Than Expected CPI Data Signals Potential Bullish Trend for Altcoins and Bitcoin

Lower Than Expected CPI Data Signals Potential Bullish Trend for Altcoins and Bitcoin

According to @CryptoMichNL, the latest CPI data reveals that both Core CPI and overall CPI, on a month-over-month and year-over-year basis, are lower than expected. This has led to a significant drop in the Dollar and Treasury Yields as the market anticipates potential rate cuts. Such conditions could be a massive bullish signal for Altcoins and Bitcoin.

Source

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast