Bitcoin surged to around 85,000 USD, driven by rising inflation expectations. A recent New York Fed survey forecasts a 3.6% inflation rate in the coming year, heightening economic concerns. Analysts are keenly observing Fed Chair Jerome Powell’s upcoming statements for insights regarding recession probabilities.
Concerns over potential tariff repercussions from the White House continue to sway market behavior. Recent signals indicate a softening stance on tariffs, yet they remain a significant factor impacting market stability and inflation fears, contributing to BTC’s volatility.
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