Are we on the cusp of the next Bitcoin bull run?

Published by
City AM

By Darren Parkin Bitcoin and other cryptocurrencies jumped on Wednesday following the announcement that US inflation has fallen to 8.5%, dropping for the first time since April 2022. Year-on-year headline inflation in the US retreated from June’s 9.1%, which buoyed risk-on assets, including stocks and crypto, as it means the Federal Reserve, the world’s most influential central bank, has more scope not to hike interest rates so aggressively to fight rising prices. Bitcoin and Ethereum – the largest and second largest digital currencies by market cap – climbed 2% and 7% respectively, just after…

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