A decline in US consumer inflation expectations kept the dollar rally in check on Tuesday as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year.
In cryptocurrencies, bitcoin held near its strongest level since April 2022 on growing anticipation the Securities and Exchange Commission will imminently approve spot bitcoin exchange-traded funds (ETF).
The New York Fed’s latest Survey of Consumer Expectations showed on Monday that US consumers’ projection of inflation over the short run fell to the lowest level in nearly three years in December.
BTC Breaches $46,700 Mark First Time in 2024 Amid ETF Excitement: Details
