INFLATION IS DECREASING IN THE UNITED STATES, BITCOIN IS BENEFITING FROM IT!I

Bitcoin is indeed benefiting from the decreasing inflation in the United States. With the New York Federal Reserve's Survey of Consumer Expectations showing a decline in inflation expectations to 3% per year, Bitcoin's price has inched up 0.44% to around $108,000. This trend is further supported by the Truflation US Inflation Index, which dropped from 2.27% to 1.70% in less than two weeks, potentially setting the stage for a Federal Reserve rate cut.

Key Factors Influencing Bitcoin's Price:

- Inflation Expectations: Decreasing inflation expectations in the US could lead to a more favorable environment for Bitcoin, potentially driving its price up.

- *Federal Reserve's Monetary Policy*: A potential rate cut by the Fed could boost Bitcoin's price, with some analysts predicting a surge to $113,913.

*Institutional Adoption: Growing institutional investment in Bitcoin, including the emergence of spot Bitcoin exchange-traded funds (ETFs), is contributing to its price stability and potential for growth .

Market Trends and Predictions:

- Bitcoin's price has shown resilience amidst economic uncertainty, maintaining stability above $107,000.

- Analysts predict a potential breakout above $108,547, which could lead to a 4.95% surge and drive the price to a new high of $113,913.

- The cryptocurrency market is expected to continue growing, with Bitcoin potentially serving as a hedge against inflation .#BTCBreaksATH #SECETFApproval #ShariaEarn $BTC