CandleFocus Crypto Market Awaits US CPI Figures As Job Data Fuels Fed Rate Cut Hope
2025-02-09
Author: Content Editor
The crypto market is closely watching the US Consumer Price Index (CPI) inflation data as it could affect the Federal Reserve's rate cut plans. The recent job data pointing to a cooling labor market has increased market optimism and led to speculation of a potential rate cut. Bitcoin briefly exceeded $100,000 after the job data release, indicating the market's positive sentiment.
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