As Bitcoin became a more mainstream asset, its correlation with the stock market rose which meant it has been impacted by world events to a higher degree than it did before. This is evident with the asset’s reaction to the rising inflation and the Fed’s continuous hiking of interest rates. However, there seems to be a reversal in this trend as inflation is starting to ease. This means the Fed could change its stance on interest rates soon. If this happens, what does it mean for Bitcoin? Looking Toward The CPI Data Release In the Matrixport Daily Insights report released
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Author: coinmaker