🚀 Bitcoin's Wild Ride: Inflation Data Sparks Market Frenzy! 🚀

Bitcoin (BTC) danced around $61,000 as mixed US inflation data sent shockwaves through the market. The latest Consumer Price Index (CPI) figures exceeded expectations, hinting at stronger inflation. Meanwhile, jobless claims hit a high since June 2023, creating a "nightmare" scenario for the Fed.

Crypto analyst Michaël van de Poppe suggests this could fuel rumors of more rate cuts, potentially boosting BTC. Despite selling pressures from Silk Road BTC movements, traders remain optimistic for an "Uptober" rally.

What are your thoughts? Drop a comment below! 💬📉