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BTC hits $110,000 this week: Fed stance + key data double test
[Crypto World] Can BTC break through $110,000? This week, there are a bunch of key data releases in the US—several Federal Reserve officials are set to speak, and CPI and initial unemployment claims may also be announced, of course, provided the government doesn’t shut down again.
Recently, Powell signaled the possibility of restarting quantitative easing, which immediately boosted market sentiment. Currently, BTC is hovering around $106,195, up over 4% in the past 24 hours. Honestly, traditional financial data are having an increasing impact on the crypto market; a shift in the Fed’s stance can instantly change capital flows. If the data look good this week and the Fed continues to be dovish, the $110,000 mark might actually be within reach.