Bitcoin Price Hits New ATH Above $123,000 With Rate Cut Expectations

TLDR Bitcoin price surpassed $123,000, reaching a new all-time high. Traders are pricing in a 25 basis points Federal Reserve rate cut in September. Bitcoin’s rally comes after lower-than-expected U.S. Consumer Price Index data. The price surge follows Bitcoin’s previous high of $123,091 in July. Ethereum has also gained over 28% in the past week, [...]

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