This wave of market movement can be described as a "feint attack" with a touch of aggressive assault!
Due to the CPI data performing more mildly than expected, market expectations for interest rate cuts instantly surged, and it seems like everyone’s pockets are about to have some extra cash. This surge of liquidity directly pushed BTC to a high of $69,000. Not only is the spot price rising, but the two crypto giants in the US stock market, Coinbase and MSTR, are also soaring violently, with impressive gains.
Looking at the bullish trend, it’s encouraging, but the meat grinder behind the scenes
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