You Won’t Believe What Happened Next: Bitcoin and Altcoins Soar After CPI Shocker 🚀💰

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Buckle up, crypto fam! 🤑 The US CPI data is in, and let me tell you, it’s a wild ride. 🎢 Turns out, the inflation numbers are lower than expected, and that’s sending Bitcoin and altcoins into a frenzy! 🚀

As Bitcoin BTC $94 742 24h volatility: 2.3% Market cap: $1.88 T Vol. 24h: $41.81 B and the rest of the crypto crew continue to make waves, analysts are giddy with excitement. 🤩 Looks like the Fed’s rate hikes haven’t dampened the crypto party after all! 🥳

According to the latest reports, the US Labor Department is set to release the Consumer Price Index (CPI) for January, and the numbers are looking juicy. 🍑 Analysts are expecting a 0.3% month-on-month increase, which is lower than the 0.4% in December. 📉 And get this, the year-on-year inflation rate is anticipated to remain steady at 2.9%, matching December’s reading. 🤯

But wait, there’s more! 🤑 The core inflation has jumped 0.3%, from 0.2% on a month-on-month basis, while printing an annualized reading of 3.1%, from December’s 3.2%. 📈 However, Fed Chair Jerome Powell is like, “Nah, we’re keeping those interest rates high, baby!” 😎

BlackRock, the world’s largest asset manager, is also getting in on the action, saying that persistent inflation in the services sector will likely prevent the Fed from cutting interest rates. 🤑 They’re like, “Sorry, Jerome, but we’re not letting you off the hook that easily!” 😂

Bitcoin and Altcoins: The Comeback Kids 🏆

Some market analysts are already popping the champagne, predicting that both Bitcoin (BTC) and altcoins are about to make a major comeback. 🥂 Crypto analyst Daan Crypto Trades is like, “Yo, Bitcoin is consolidating like a boss above its bull market support band, and there’s no evidence of a market top in sight!” 🤩

Source: Daan Crypto Trades

And get this, crypto analyst Miles Deutscher is saying that Bitcoin whales are hoarding more BTC than ever, with recent daily inflows showing a massive surge. 🐳 Looks like the big players are getting in on the action, and they’re not messing around! 💰

Source: Miles Deutscher

As for the altcoin market, Miles Deutscher is like, “It’s in a weird place, man. Not quite an altcoin season, but not strictly a Bitcoin-dominated phase either.” 🤔 But he’s got a plan – he’s gonna start longing altcoins aggressively if the market shifts into the “Bitcoin Season” zone. 💪

So, buckle up, crypto fam, because it’s about to get wild! 🎢 With the US CPI data in and the market looking primed for a

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2025-02-12 17:38