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Crypto Prices Go Up: A ‘Cautious Bullish’ Outlook Amid Fed Worries And Market Volatility

  • A recent report from Blofin highlights a cautiously bullish sentiment among crypto investors, influenced by positive CPI data altering expectations of Fed rate cuts.
  • Market anticipates limited Fed rate cuts, with expectations of 45 basis points for the remainder of the year and only one rate cut in 2024.
  • Increased market uncertainty reflected in the surge of volatility indices due to recent CPI surprise and shifting economic conditions.
  • Crypto options market shows optimism with notable price surges in Bitcoin and Ethereum, but concerns about future Fed rate cuts and broader macroeconomic conditions persist.

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