Bitcoin stabilises after US inflation rises: The largest digital currency maintained its value at its highest level
in more than two years, while the S&P 500 index fell by 1.4%,
and gold also fell, despite the sudden rise in US inflation, which led to turmoil in global markets.

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Bitcoin trading

Bitcoin achieved the largest series of gains

Bitcoin halving

Predictions for the future of Bitcoin

Bitcoin trading

The value of Bitcoin reached $49,500, approaching its highest level in more than two years,
with a negligible change from the price recorded before the disclosure of
the US consumer price index for January, which was announced on Wednesday,
which was contrary to expectations. On the other hand,
the S&P 500 index fell by 1.4% to record its worst performance after the publication
of the Consumer Price Index report in September 2022.
As for the price of gold, it decreased, while bond yields rose with lower expectations that the Federal Reserve would reduce interest rates before July.

Bitcoin achieved the largest series of gains

According to Tony Sycamore, market analyst at IG Australia Pty,
Bitcoin has shown impressive resilience despite deteriorating risk sentiment.
At the same time, separate technical analyses based on chart patterns
indicated the possibility of Bitcoin falling to $30,000.

Bitcoin halving

Private sector factors have been supportive of Bitcoin,
including US exchange-traded funds dedicated to trading in Bitcoin.
The group of exchange-traded funds, such as BlackRock and Fidelity Investments,
has attracted a net income of $3.3 billion since the funds began trading on January 11.
At the same time, the Bitcoin “halving” scheduled for April will limit the supply of the largest digital assets,
which is being treated as supportive of prices, in a historical precedent.

Predictions for the future of Bitcoin

Caroline Morrone, co-founder of Orbit Markets, which provides liquidity for digital asset derivatives:
“It is expected that the markets will witness a temporary slowdown after a
dramatic rise that lasted four months before the expected Bitcoin halving can be on the scene.”

After the decline of digital assets in 2022, the price of Bitcoin has tripled since the beginning of last year.
Market bets indicated that Bitcoin would exceed the record price of $69,000 recorded in November 2021.

Bitcoin stabilises after US inflation rises

Bitcoin stabilises after US inflation rises

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