Despite seemingly positive macroeconomic signals, Bitcoin's rally has stalled around $90,000, according to reports. While U.S. inflation came in softer than expected and the Federal Reserve delivered its third consecutive rate cut, Bitcoin has not experienced a significant surge. The Bank of Japan also raised rates for the first time in three decades. The muted response is attributed to concerns over contaminated inflation data due to a government shutdown, which led to modeled rather than observed prices. Additionally, real yields remain restrictive, and the Fed is signaling caution, stating there is no immediate need for further cuts. The market awaits clearer data before committing to a sustained rally.

Despite seemingly positive macroeconomic signals, Bitcoin's rally has stalled around $90,000, according to reports. While U.S. inflation came in softer than expected and the Federal Reserve delivered its third consecutive rate cut, Bitcoin has not experienced a significant surge. The Bank of Japan also raised rates for the first time in three decades. The muted response is attributed to concerns over contaminated inflation data due to a government shutdown, which led to modeled rather than observed prices. Additionally, real yields remain restrictive, and the Fed is signaling caution, stating there is no immediate need for further cuts. The market awaits clearer data before committing to a sustained rally.