Bitcoin’s Big Week: Inflation, Fed, and the Future
Yesterday’s U.S. Consumer Price Index (CPI) report for February dropped to 2.8%, lower than the 2.9% economists expected and down from January’s 3.3%. This surprise sent Bitcoin (BTC) rocketing past $84,000, its highest since last weekend. Why? Think of inflation as a pressure cooker: when it cools—like it did here—it signals the Federal Reserve might ease up on its tight grip, maybe even cutting interest rates this summer. Lower rates make...