Crypto Market Awaits US CPI Figures As Job Data Fuels Fed Rate Cut Hope

The crypto market is bracing for the upcoming US Consumer Price Index (CPI) inflation data, which could significantly impact the Federal Reserve’s rate cut plans. The recent US job data, which indicated a cooling labor market, has fueled market optimism and sparked hopes of a potential rate cut. Notably, Bitcoin briefly surpassed the $100,000 mark following the job data release, reflecting the market’s positive sentiment.