Bitcoin made history yesterday, eclipsing $124,000 for the first time ever amid surging rate-cut expectations.
After peaking at $124,347 (up 3.64%), BTC retreated slightly to $123,868 as traders digested mixed CPI data.
“Today’s rally is all about the Fed,” said analyst Min Jung, citing a 93.7% market-implied chance of a September cut.
While headline inflation cooled to 2.7%, the sticky core CPI (3.1%) leaves Powell room to delay easing—a risk that could test BTC’s resilience.
