Bitcoin is rising at the time of economic collapse – is it bullish or bearish?

The Fed's expectation of a rate cut pushes Bitcoin to rise nearly 4% in the past week, driven by weak economic data. The U.S. Consumer Price Index (CPI) inflation exceeded expectations, while the correction for employment growth showed that jobs were down nearly 1 million from previous reports. In August, jobs rose by only 22,000, and the unemployment rate climbed to 4.3%. Bitcoin broke through $116,000, approaching the key futures gap, and risky assets such as stocks also rose. However, Bitcoin-related stocks performed unevenly, and despite Bitcoin’s rise, MicroStrategy shares remained flat.