Bitcoin’s price remains stable around $103,000 as traders await US macroeconomic cues. Despite recent gains, the market is uncertain about the future of the bull run. Traders are looking for a breakout above $108,000 for a significant price surge. The Federal Reserve’s rate cuts are unlikely in the near future, despite positive inflation data. The recent Consumer Price Index (CPI) print did not significantly impact the market, with attention now shifting to the Producer Price Index (PPI) numbers. The Fed’s cautious approach is affecting market expectations, with rate cuts becoming less likely in 2025. Market data suggests that the Fed may cut rates at its September meeting. Traders are adjusting their expectations accordingly. This article provides insights into the current state of the Bitcoin market and the impact of macroeconomic factors. It does not offer investment advice, and readers are advised to conduct their research before making any financial decisions.