US INFLATION HITS 3.7% — BAD NEWS FOR $BTC ?
US inflation came in higher than expected. 📉
This could put more pressure on Bitcoin because the Fed may keep interest rates higher for longer.
Personally, I’m leaning slightly bearish for now. I think we could see another drop, but I want to see how BTC reacts before making any decisions.
US inflation came in higher than expected. 📉
This could put more pressure on Bitcoin because the Fed may keep interest rates higher for longer.
Personally, I’m leaning slightly bearish for now. I think we could see another drop, but I want to see how BTC reacts before making any decisions.