US June CPI Drop Fit Spark Beta Bitcoin And Crypto Rally
US June CPI data wey dem go release tonight fit direct how Federal Reserve go take handle policy, fit also start new rally for Bitcoin and whole crypto market. If e drop below 2.4%, e fit make Fed cut rate earlier, this one go make market get more money and people go dey ready to take risk. Bitcoin just break pass $120,000, analysts dey look target of $130,000 by end of July, Ethereum and XRP sef go benefit from clearer rules wey go show during “Crypto Week”. On-chain metrics show say one 14-year-old whale move 20,000 BTC and spot premium dey fall, this one mean say people dey take profit but futures support still dey strong. Traders suppose dey watch June CPI release, Fed signals and important digital asset bills for Congress like CLARITY Act, Anti-CBDC Surveillance State Act and GENIUS Act, as dem go affect short-term market wahala and middle-term market trend.
Bullish
By possibly bring down di June CPI result below wetin dem expect, di Federal Reserve fit speed up rate cuts, put liquidity weh dey usually boost risk assets like Bitcoin. On-chain signs of big players (whale) activity and strong futures support dey add to di bullish momentum, while new crypto laws dey reduce regulatory wahala. Together, all dis tins mean say Bitcoin get strong chance to increase for short and medium time, plus altcoins like Ethereum and XRP.