Key Takeaways
Bitcoin’s been sitting there like a teenager clutching the remote, waiting for the right moment to strike. It’s got its eyes fixed on the upcoming U.S. economic data-CPI, PPI, and retail sales-like a squirrel eyeing a nut, but the Fed’s mood swings could make or break its day.
Meanwhile, Bitcoin [BTC] is patiently in its little holding pattern, possibly contemplating life choices or just trying to avoid another sharp plunge. Traders are pacing nervously, clutching their coffee, because inflation figures are about to drop and could tell us if the Fed will hike rates like a overly eager waiter or skip with the finesse of a bad dancer. Who knows if this will lead to a glorious new Bitcoin all-time high or a sad, flatline, like an undersalted soup?
Inflation, spending, and sentiment-Oh my!
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2025-08-11 16:18