Bitcoin's price stabilized around $107,000 following a significant dip, prompted by easing US inflation, which also weakened the US dollar. The Producer Price Index (PPI) results revealed a lower-than-expected increase, coinciding with prior favorable Consumer Price Index (CPI) data, providing a boost to Bitcoin and other risk assets. Traders speculate that the cooling inflation could enable the Federal Reserve to cut interest rates, enhancing liquidity inflows into cryptocurrencies. Despite the recent volatility, analysts predict potential new all-time highs for Bitcoin, with a target of $116,000 before the month ends. Observations suggest that the current market trend favors crypto bulls, underscoring a positive sentiment for institutional investments. The ongoing market dynamics remain closely tied to US economic indicators, influencing traders' decisions and price momentum.

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