BTCUSD Breaks Out as Crypto Traders Await U.S. Inflation Report Impact
BTCUSD Surges Past Milestone as Crypto Bulls Anticipate Key Inflation Report 5 mins well spent BTCUSD has broken the Ascending Triangle to the upside BTCUSD has broken the Ascending Triangle to the upside When it comes to financial markets, a single economic report can trigger a chain reaction across the globe. Right now, all eyes are on the U.S. inflation report, which has become a hot topic not only for traditional markets but also for the cryptocurrency world. Let’s break down why this report matters so much, how it’s shaping investor sentiment, and what it could mean for Bitcoin, Ethereum, and other digital assets. Why the Inflation Report Matters The U.S. Bureau of Labor Statistics is preparing to release the Consumer Price Index (CPI) data for August, and the numbers have the potential to shape monetary policy in the weeks ahead. CPI tracks how much prices are rising for everyday goods and services, and when inflation cools or heats up, the Federal Reserve often adjusts it...