In the last 24 hours, Bitcoin’s price rose by 3.34% to approximately 102,048 USD, bolstered by 500 million USD in stablecoin inflows into Binance.
Positive CPI data has created a bullish outlook among investors, with over 63,000 Bitcoins removed from Binance since mid-August to support ongoing accumulation.
Bitcoin’s strong demand and rising trading ratios indicate a continued upward momentum, potentially reaching 105,000 USD, but a short-term correction could see it drop to 98,900 USD.
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