China and a weak U.S. dollar may end up fueling a Bitcoin rally after all.
The pair looked set for a quiet weekend, with all eyes focused on United States inflation readings and policy updates due from Dec. 13 onward.
With the Producer Price Index November print behind it, the month’s Consumer Price Index results took center stage., expectations remain that CPI will show U.S. inflation continuing to abate, sparking renewed strength in risk assets, including crypto. “My personal expectations are that we'll be seeing CPI come in at 7.0-7.2%, Core CPI at 5.9-6.1% and that we'll have a big impact on the markets again,” Michaël van de Poppe, founder and CEO of trading firm Eight, wrote in aVan de Poppe added that the Federal Reserve’s Federal Open Market Committee meeting on Dec. 15 should respond in kind should that outcome result.
“USA Peak inflation, Weaker $USD, China reopening are making some great investing opportunities. Chinese Real estate ETF $CHIR up staggering 80% since November. Unbelievable,” he
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