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<ul class="wp-block-list news-points">
 <li>BTC shows resilience post-CPI, recovering to $57K with bullish sentiment.</li>
 <li>Declining Bitcoin volatility signals market calm before FOMC meeting.</li>
 <li>Election Ticket trade idea offers potential 180% payout amid market momentum.</li>
</ul>
The probability of a 25 basis point Federal Reserve rate cut jumped to 85% following the latest U.S. Consumer Price Index <a href="https://t.me/QCPbroadcast/1318" target="_blank" rel="noopener noreferrer nofollow">(CPI) data</a>, which showed a slight uptick in core CPI to 0.3%.
This news propelled Bitcoin (BTC) back above the $57,000 mark, signaling strong demand and growing bullish sentiment. Increased interest in Bitcoin call options with October to December expiries further reflects traders’ optimism for the coming months.
<h2 class="wp-block-heading" id="h-bitcoin-volatility-dips-ahead-of-fomc">Bitcoin Volatility Dips Ahead of FOMC</h2>
Bitcoin’s liquidity saw a 12-point drop this week, triggered by the CPI release and the U.S. presidential debate. With no major monetary events expected before next week’s Federal Open Market Committee (FOMC) meeting, a further decline in price volatility is anticipated.
<a href="https://coinedition.com/bitcoins-july-blues-can-cpi-data-spark-a-rebound" rel="noopener noreferrer nofollow">Read also: Bitcoin’s July Blues: Can CPI Data Spark a Rebound?</a>
Despite this lull, market demand is building in anticipation of the …
The post <a href="https://coinedition.com/bitcoin-breaks-57k-barrier-as-fed-rate-cut-odds-surge-to-85/" rel="noopener noreferrer nofollow">Bitcoin Breaks $57K Barrier as Fed Rate Cut Odds Surge to 85%</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Breaks $57K Barrier as Fed Rate Cut Odds Surge to 85%

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