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[Analyst: US CPI Data Is Expected To Be Good For Bitcoin, But A Breakthrough Rise Is Unlikely] The US Department Of Labor Will Release The January CPI Data At 21:30 Today (Beijing Time). If The Inflation Data Is Lower Than Expected, It May Boost Market Expectations For The Fed's Rate Cuts, Push Down US Treasury Yields And Weaken The US Dollar, Which Is Beneficial To Risky Assets Such As Bitcoin. However, Data From Mott Capital Management Shows That The Two-year Inflation Swap Rate Has Risen To 2.8%, A New High Since The Beginning Of 2023, Indicating That The Market Expects Future Inflationary Pressures To Rise. Analysts At Blackrock And Royal Bank Of Canada Believe That Continued Inflation In The Service Industry And Wage Growth Above The Fed's 2% Target May Force The Fed To Maintain High Interest Rates. CME Data Shows That The Market Expects The Fed To Cut Interest Rates Only Once This Year Or Remain Unchanged With A Probability Of 54%. Bitcoin Is Currently Fluctuating Between $90,000 And $110,000, And A Short-term Breakthrough Rise Is Unlikely
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