Bitcoin Market Braces for CPI Data and Potential Fed Rate Cut: This Spark a Crypto Rally?
TLDR: August CPI data release expected to show continued inflation slowdown Federal Reserve likely to cut interest rates in September meeting Bitcoin price volatile ahead of CPI report, trading around $56,500 Crypto market cap decreased 1.6% in past 24 hours to $2.08 trillion Analysts warn of potential short squeeze if CPI prints lower than expected…