Bitcoin Surges Near $115,000 as Inflation Data Fuels Hope for Rate Cuts

Bitcoin prices soared towards the $115,000 mark this week thanks to favorable US inflation data. However, analysts remain divided on whether this surge is a sign of long-term growth or merely a short-lived rally. Experts attribute the recent price increase to expectations of interest rate cuts by the Federal Reserve, while some predict a correction before the price continues its climb. Will Bitcoin break through $115,000? Here’s what you need to know.