U.S. Inflation Stays at 2.9% to Boost Rate Cut Expectations – Bitcoin Rally to $140K?

Bitcoin has reacted to U.S. inflation data as rate expectations for a cut have firmed. CPI has held at 2.9% and core at 3.1%, while the 10-year has fallen below 4%. Polymarket has shown 84% odds for a 25 bps move as BTC has eyed $120k–$140k with support near $109,116 and $105k–$107k.

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