Way to go BTC! The US inflation data doesn’t scare Bitcoin on its way to $46K with apparent support at $43K, boosting investors’ confidence in the market.
) bulls have good reason to celebrate the 22% gain in the past week. The price is pushing toward $46,000 and to the surprise of many, the $43,000 level held steady despite the volatility caused by the United States inflation data released on Feb.10.
Investors are clearly increasingly concerned about corporate earnings despite the stronger than expected China and U.S. economic growth. In the past few weeks, some big names took a hit, including Meta , Delivery Hero and Paypal .will likely reinforce the Federal Reserve’s expectations of at least two interest rate hikes throughout 2022 and not many investors can seek protection in treasuries because the five-year Treasury yield currently stands at 1.9%.
For instance, a trader could have sold a call option, effectively gaining a negative exposure to Bitcoin above a specific price. But unfortunately, there’s no easy way to estimate this effect.Bears best-case scenario remains unkind
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