Bitcoin price slide below $108,000 has reignited a pressing question for traders and long-term holders alike: could the price collapse all the way to $75,000? With fresh inflation data stalling hopes of aggressive rate cuts and whale-driven sell-offs shaking market confidence, the world’s largest cryptocurrency is once again at a crossroads. The answer depends not just on technical levels, but also on the upcoming jobs report and the Federal Reserve’s September policy decision.
Bitcoin Price Prediction: Inflation and Fed Uncertainty
Bitcoin price slid to $107,383 as traders digested the latest US Personal Consumption Expenditures (PCE) data. Core inflation climbed 2.9% year-over-year in July, its highest since February, keeping rate-cut expectations in check. While the market still assigns an 87.6% probability of a 25bps cut at the September FOMC meeting, the tone remains cautious. Risk appetite is fragile, and crypto is reacting more sensitively to macro data than it d...
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