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Trading King

08/17 02:46

Bitcoin Stalls Amid Inflation Concerns

Bitcoin Stalls Amid Inflation Concerns

This volatility may be explained by suggesting we look at inflation data. The figures of July Producer Price Index (PPI) were stronger than anticipated, leading to concern. Investors are currently concerned that the Federal Reserve might postpone its interest rate cuts, which could further affect the crypto market. The following macroeconomic factors have played a role in the price movement of BTC. Analysts would be observing closely how the Federal Reserve would react.

In spite of this recent pullback, BTC is nudging up close to its all-time high (ATH). Analyst Alex highlighted that BTC has demonstrated significant performance. But the concentration index of age cohorts (HHI Norm SMA-30) has been decreasing since April. 

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It stays low, and this indicates that there is no chance that the rally is fueled by big investors. But rather it means more expansive involvement among different classes of investors.
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