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Will Bitcoin Price Hit New All-Time High Heading Into FOMC?

CoinGape
Summary
Nutrition label

71% Informative

Bitcoin price surges $ 100 K amid favorable US CPI data release on Wednesday .

Analysts expect 25 basis points rate cut at next week ’s FOMC meeting, providing additional fuel.

During Bitcoin's recent consolidation near $ 96,000 , whales bought heavily, with 342 wallets holding over 100 BTC created.

Inflows into spot Bitcoin ETFs have continued at a strong pace led by BlackRock 's IBIT .

VR Score

60

Informative language

54

Neutral language

22

Article tone

formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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