According to the analyst, the rise of Bitcoin (BTC) this time continues with a different and stronger momentum compared to previous rises.
Noelle Acheson, author of the popular Crypto Is Macro Now newsletter, stated that the recent rises in Bitcoin have different points compared to the previous ones.
Under normal circumstances, the analyst dollar index (DXY) And US treasury bonds Like Bitcoin when it is on the rise risky assets He emphasized that he was negatively affected by this, but in the days we live in, all dynamics are acting in the opposite way.
US CPI data and Inflation above 3% Despite this, the rate has brought an increase in many bonds, especially DXY. Bitcoin continues its rise uninterruptedly emphasized:
Bitcoin is not falling despite the increase in DXY and US bond yields. This means the beginning of strong entries. There has always been buying pressure balancing the usual selling pressure, but this seems to be increasing.
On the other hand, those experiencing economic difficulties Chinese citizens and those with third-class country status Nigeria and other Africa Stating that their countries are turning to Bitcoin as a safe haven against inflation, the upward momentum much stronger than in previous years He noted that it was.