Franklin Templeton, a major player in asset management and one of the first issuers of a spot Bitcoin ETF, is making moves in the Solana ETF space.
U.S. Inflation Data: A Critical Turning Point for Bitcoin and the Crypto Market
The upcoming U.S. inflation data release will be crucial for the crypto market.
If inflation is higher than expected, it could reduce the likelihood of Federal Reserve interest rate cuts, negatively impacting cryptocurrencies.
In this case, Bitcoin may face short-term selling pressure as investors turn to safer assets.
However, if inflation remains persistently high, Bitcoin’s role as a long-term store of value could strengthen, attracting more interest.
On the other hand, if the inflation rate is lower than anticipated, it could create a more favorable environment for risk-taking, potentially driving price increases in both Bitcoin and altcoins.
If the inflation data aligns with expectations, market reactions may be more subdued, with broader economic narratives and overall investor sentiment playing a larger role in determining price movements.
Ryan Lee, Chief Analyst at Bitget Research
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
CZ thinks Binance’s token listing process is a bit broken
Changpeng Zhao, the ex-big boss of Binance, is setting the record straight on memecoins and dropping some truth bombs about how Binance lists tokens.
Bitcoin vs. gold, the veteran trader reveals something interesting
Bitcoin, the king of crypto, has had an amazing year, but a trading veteran, Peter Brandt, is pointing out something weird.
