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Trading above $103,000 - $104,000, showing resilience and some analysts predict a push towards $105,000 or even a new all-time high if the upward momentum sustains. However, some consolidation might occur in the short term. $BTC
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#TrumpTariffs The global cryptocurrency market capitalization is around $3.37 - $3.48 trillion, indicating a slight increase or fluctuation over the last 24 hours depending on the source.Overall sentiment appears optimistic, with several altcoins showing upward trajectories.
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Keep in mind that cryptocurrency prices are influenced by a wide range of factors beyond just CPI data, including regulatory news, technological developments, adoption rates, and overall market sentiment. $BTC
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#CryptoRoundTableRemarks Overall sentiment remains cautious as investors digest the inflation data and look ahead to potential future actions by the Federal Reserve. A lower CPI could be seen as bullish for Bitcoin by increasing expectations for rate cuts in 2025, while a higher-than-expected number might strengthen the US dollar and weigh on crypto prices.
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#CryptoCPIWatch current trend of discussion in crypto world.Initially, there seemed to be a positive reaction as the slightly lower inflation figure raised hopes for potential Federal Reserve interest rate cuts later in the year. However, some profit-taking has also been observed after recent gains in Bitcoin and other cryptocurrencies.
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Bitcoin's Key Support Level Identified by Analyst
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