BITCOIN
Bitcoin Hits $124k Then Dumps 5% – What Happened?
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from Simply Bitcoin:
Bitcoin Hits $124k Then Dumps 5% – What Happened?
Bitcoin surged to a new all-time high near $124,000 before crashing over 5% in a wave of long liquidations. We break down the hotter-than-expected PPI inflation print, fading Fed rate-cut odds, and the Treasury’s walk-back on its strategic Bitcoin reserve. Plus, Adam Back’s fresh four-year cycle analysis—and why he believes more Bitcoin all-time highs could still be ahead.
