#BTCBreaksATH
🥳🥳💣💣
The price of Bitcoin reaches a new all-time high above $123,550 with expectations of a rate cut.
The price of Bitcoin surpasses the previous all-time high as traders anticipate a 25 basis point rate cut from the Fed in September.
The price of Bitcoin exceeded $123,000, reaching a new all-time high.
Traders are pricing in a 25 basis point rate cut by the Federal Reserve in September.
The Bitcoin rally comes after U.S. consumer price index data came in below expectations.
The price increase follows Bitcoin's previous high of $123,091 in July.
Ethereum has also gained over 28% in the last week, nearing its own ATH.
This milestone occurs as traders anticipate a 25 basis point (bp) interest rate cut by the Federal Reserve in its upcoming September meeting.