Bitcoin Price Declines Despite Favorable Inflation Data

Bitcoin is anticipated to rebound to $60,000 in the near future, thanks to the positive developments that have transpired. As the Federal Reserve gears up to reduce interest rates, it is expected that investors will gradually withdraw from safe havens that provide fixed returns and instead venture into riskier markets in search of profit. In this context, the introduction of the BTC ETF on exchanges couldn’t have come at a better time. Additionally, as stock markets reach unprecedented heights, the value of Gold continues to surge.