Bitcoin surged past $114,000 as softer-than-expected US PPI data reinforced Federal Reserve interest rate cut expectations.
Key takeaways:
Bitcoin broke $114,000 as data showed PPI inflation cooled sharply in August.
Traders believe the data could push the Federal Reserve to cut rates in September.
Wireopedia is an automated news feed. The Wireopedia AI pulls from sources with different views so you can see the various sides of different arguments and make a decision for yourself. Wireopedia will be firmly committed to the public interest and democratic values.
Privacy Policy Terms and Conditions
