Bitcoin's price has surged to approximately $114,000, driven by anticipation surrounding upcoming U.S. inflation data. Investors are speculating about a potential interest rate cut by the Federal Reserve in response to these figures. The market currently reflects a 79% likelihood of a 25 basis-point rate cut this month, with expectations for cuts rising amid subdued inflation and job data. Bitcoin’s recent rise, coinciding with significant inflows into spot bitcoin and ether ETFs, indicates a strong market sentiment. However, some analysts caution about the potential for stagflation, as inflation persists despite waning growth. Geopolitical tensions, particularly involving Russia and Poland, are also causing concern in the market. In related news, the European Central Bank is set to announce its interest rate decision, which might influence market dynamics in the crypto sector. As the crypto landscape evolves, traders remain vigilant, adjusting their positions according to market signals and macroeconomic indicators.

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