Bitcoin Surges as Tensions Ease and Economic Data Loom

Key Points

1. Bitcoin's price surpassed $118,000, providing relief to altcoin investors.

2. Upcoming inflation data and Federal Reserve statements could significantly impact the market.

3. Producer Price Index (PPI) figures on Thursday will be crucial for Personal Consumption Expenditures (PCE) data.

4. Geopolitical developments, such as potential announcements from Trump, may affect market sentiment.

5. Economic data exceeding expectations could overshadow cooling employment figures and raise concerns.