Rate Cuts
Picha iliyoundwa na AI
Bitcoin leads crypto rally amid inflation data and regulatory hopes
Imeripotiwa na AI Picha iliyoundwa na AI
Cryptocurrency prices surged on January 13, 2026, with Bitcoin gaining over 5% to approach $93,500, driven by lower-than-expected U.S. inflation figures and a proposed regulatory bill. Ethereum and other altcoins like XRP and Solana saw even stronger gains of 5-10%. Traders expressed excitement online as the market anticipates potential Federal Reserve rate cuts.
India's GDP growth exceeded expectations in the second quarter, reaching 8% for the first half amid near-zero inflation. Despite the rupee weakening beyond 90 to the dollar, economic indicators suggest resilience. Experts question the justification for interest rate cuts at this juncture.