Bitcoin prices have recently climbed to almost $25,000 from $22,800 in hopes that inflation has peaked and the Federal Reserve will slow the pace of interest-rate increases in the U.S., as well as adopt looser monetary policies in 2023. Bond yields, however, have remained resilient in the wake of the Aug. 10 consumer price index (CPI) data, a signal that bitcoin traders might be wrong in making dovish assumptions.
Related posts
-
Decoding The Bitcoin Rainbow Chart’s $250,000 Prediction
Bitcoin, the undisputed king of cryptocurrencies, faces a challenge as it approaches a critical moment. After... -
Strike Expands Bitcoin and Lightning Services to the UK
Strike has announced its expansion into the United Kingdom. This move allows individuals and businesses in... -
Here’s Why The Bitcoin Bottom Is In, New Highs Imminent: Expert
Crypto expert Duncan (@FloodCapital) recently expressed a strong conviction that Bitcoin has reached its market bottom...