Tickmill Group: Bitcoin could extend its gains if U.S. inflation data released on Tuesday is lower than expected
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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