Bitcoin’s Crucial Crossroads: Will Altcoins Rally or Falter?

As the clock ticks down in the daily trading session, Bitcoin’s price sits precariously at a key support level of $110,500. This pivotal point holds significant implications for the future trajectory of altcoins. A crucial upcoming inflation report, marking the first of its kind in seven years, could add further uncertainty to an already volatile market. If this report fails to provide clarity, investor sentiment could shift, potentially dampening the momentum seen recently in the broader cryptocurrency market.