Bitcoin was influenced by January's CPI being weaker than expected (overall 2.4%, core 2.5%), rising about 4% during the session and approaching $69,000. However, CME FedWatch shows that the probability of a rate cut in March remains low, with the $68,000-$69,000 range serving as a key resistance.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin was influenced by January's CPI being weaker than expected (overall 2.4%, core 2.5%), rising about 4% during the session and approaching $69,000. However, CME FedWatch shows that the probability of a rate cut in March remains low, with the $68,000-$69,000 range serving as a key resistance.