Bitcoin (BTC) is on the verge of hitting new highs, driven by the lowest U.S. job openings in three years, suggesting a slowing economy. Markus Thielen from 10x Research highlights that a decrease in job openings and a potential drop in inflation could push Bitcoin to unprecedented levels. The U.S. Consumer Price Index (CPI) report, expected next week, is crucial. If the CPI drops to 3.3% or lower, Bitcoin is likely to surge past its current high of $73,679.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
