Analyst: The latest inflation data cooling is favorable for risk assets, or the reason for BTC's rise

Odaily Planet Daily News: The CPI data released on Wednesday brought relief to investors, as the core CPI in February only rose 0.2% month on month, lower than the expected 0.3%. Andr é Dragosch, Head of European Research at Bitwise, stated that the latest inflation cooling data may bring favorable sentiment changes to risk assets. The slowdown in US CPI inflation provides more room for maneuver for the Federal Reserve to cut interest rates, which may be the reason why Bitcoin rose after the data was released. BRN analyst Valentin Fournier also expressed the same view: "The lower than expected inflation data reinforces the reasons for multiple interest rate cuts, as investors now expect an 82% chance of three rate cuts before December - a potential significant liquidity boost for risk assets, including cryptocurrencies." (Theblock)