Bitcoin volatile ahead of US data - London Business News | Londonlovesbusiness.com
Briefly

Bitcoin's volatility continues as it remains below its yearly peak, with investors adopting a cautious stance ahead of key U.S. inflation data impacting Federal Reserve policy.
A lower-than-expected inflation figure could enhance expectations for a rate cut, potentially benefiting riskier assets like Bitcoin, amidst a backdrop of political shifts.
The recent presidential debate has slightly diminished Trump's odds for the 2024 election, potentially influencing market behavior as investors assess candidates' crypto policies.
Institutional interest in Bitcoin is rising, marked by Metaplanet's recent purchase, and Bitcoin ETFs reported USD 117 million in positive flows, indicating growing confidence.
Read at London Business News | Londonlovesbusiness.com
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