After the US December inflation data were announced as 6.5%, volatility was seen in Bitcoin (BTC).
in the past minutes as 6.5% announced inflation rate, on an annual basis 6.5% aspect was expected. Inflation expectations as a result of coming under Bitcoin approx. $1,000 experienced a rise.
Due to the fact that the inflation rate in the USA has been above expectations during the past months, Pretty hard drops in Bitcoin and other markets had happened.
In the months when the inflation data came above the expectations and did not come, the FED was still 50 or 75 basis points had increased. Continuing aggressive rate hikes in the past month FED’s future Wondering what decision he will take.
The dollar index, which is known to move inversely with Bitcoin in this process (DXY) to 102 levels fell.