Bitcoin $BTC
(BTC) has reached a historic milestone, surging to an all-time high of $124,451, as favorable U.S. economic data sparks a wave of optimism across financial markets.
Fresh inflation numbers revealed a 2.7% year-over-year increase in consumer prices — lower than the expected 2.8%. This subtle difference has had a major impact, easing investor concerns and boosting expectations for interest rate cuts from the Federal Reserve.
According to the CME FedWatch Tool, there is now a 93.9% probability that the Fed will lower rates in September. A potential cut could inject further liquidity into markets, supporting risk assets like cryptocurrencies.
This bullish momentum has pushed Bitcoin’s market capitalization beyond $2.45 trillion, driving the total cryptocurrency market value to $4.15 trillion. Adding to the excitement, Bitcoin has overtaken Alphabet (Google) in market capitalization, making it the fifth-largest asset in the world — a milestone widely celebrated on social media.
With macroeconomic conditions aligning in its favor and global interest in digital assets surging, Bitcoin’s latest rally underscores its growing influence in the global financial system. Many analysts believe this could be the beginning of an even larger move in the months ahead.
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