Bitcoin Breaks Record, Surpassing $115,000 as Traders Navigate Inflation Fears

Bitcoin’s price has surged past the $115,000 mark in recent days, attracting significant attention from traders and analysts closely monitoring the cryptocurrency market. The dynamic price movement is triggered by investor anticipation of upcoming economic data, particularly US inflation data (CPI), which could significantly impact Bitcoin’s trajectory in the coming weeks. Traders are divided on whether this surge indicates a potential rally or deeper correction, with some predicting a rebound if inflation eases while others anticipate further decline. 2023-08-29