Bitcoin Briefly Slides Below $80,000 On More Hot Inflation Data
Bitcoin Magazine Bitcoin Briefly Slides Below $80,000 On More Hot Inflation Data Bitcoin has recovered slightly despite its price getting hit again by hotter-than-expected inflation data. This post Bitcoin Briefly Slides Below $80,000 On More Hot Inflation Data first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin briefly fell below $80,000 after hotter-than-expected inflation data renewed pressure on risk assets. The cryptocurrency recovered slightly from the dip, but the move shows how sensitive BTC remains to macro data that could keep interest rates higher for longer. Traders will watch upcoming inflation prints and Fed signals for direction, since sticky inflation tends to weigh on crypto and other speculative markets.
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1H AGOYou’re reading thisBitcoin Briefly Slides Below $80,000 On More Hot Inflation DataBitcoin Magazine · Score 65
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