U.S. PPI rose more than expected in September, posting its biggest monthly increase since March 2022. Following the release of this macroeconomic data, Bitcoin fell below the $80,000 mark.
When macroeconomic data directly affects the price of Bitcoin, do you think the narrative of Bitcoin as an “inflation hedge” is becoming more fragile?
#Bitcoin
Source: cointelegraph.com https://cointelegraph.com/markets/bitcoin-price-breaks-under-80k-after-us-ppi-gains-most-in-over-4-years?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
When macroeconomic data directly affects the price of Bitcoin, do you think the narrative of Bitcoin as an “inflation hedge” is becoming more fragile?
#Bitcoin
Source: cointelegraph.com https://cointelegraph.com/markets/bitcoin-price-breaks-under-80k-after-us-ppi-gains-most-in-over-4-years?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound