“Inflation is old news. We all knew it was coming,” Gonzalez added. “For now, Bitcoin is likely to settle around $20,000, but a significant event demonstrating that the broader market is recovering is required for it to regain power. Investors will remain cautious as long as forecasts are pessimistic, so the market will not move significantly,.”
Crypto Traders See Few Tailwinds for Bitcoin Prices Despite Inflation Gauge Alarms
