Tickmill Group: Bitcoin could extend its gains if U.S. inflation data released on Tuesday is lower than expected
2024/03/11 12:24
Tickmill Group said Bitcoin could extend its gains if U.S. inflation data released on Tuesday is lower than expected. Tickmill analyst James Harte said in a note that if inflation is lower than expected, the dollar could fall and bring forward expectations for a Fed rate cut. He said this would give Bitcoin more momentum, driving near-term prices higher, as traders pull money out of bonds and chase higher-yielding assets like cryptocurrencies.
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