Crypto Market Awaits US Inflation Data as Bitcoin Reaches New High

Crypto market players are closely watching upcoming US inflation data this week, anticipating it may influence the Federal Reserve’s interest rate decisions. Experts believe that if inflation data remains high, the Fed might continue with its current monetary policy stance. However, a dip in CPI and PPI readings could signal a potential shift towards rate cuts. This uncertainty is contributing to Bitcoin’s recent rally, which broke resistance levels and reached $107,500 as key trade talks between the US and China are underway.