Bitcoin (BTC) $82,521.86the rise of more than 5 percent in the last 24 hours came to the threshold of 85 thousand dollars. Inflation data that is lower than expected in the USA and ceasefire interviews between Russia and Ukraine Crypto Money MarketIncreased optimism. Bitcoin, Wednesday, up to 84 thousand 476 dollars by increasing the bottom level of 76 thousand dollars was a strong recovery. Market participants quickly reflected the possibility of Fed’s policy of maintaining the high interest environment and the decrease in geopolitical tensions.
How did US inflation data affect Bitcoin?
February announced yesterday by the US Department of Labor Consumer Price Index (CPI) remained below expectations with 2.8 percent on an annual basis. Monthly inflation decreased to 0.2 percent, and the 0.5 percent increase in January was recorded at a level close to half. This strengthened the expectation that the Fed could adopt a moderate attitude in monetary policy.
InflationThe slowdown in increased demand for risky assets. Bitcoin once again entered the radar of investors as a value -hiding tool with the expectation of a low interest environment. In particular, investors that are sensitive to macroeconomic data decreased inflation pressure BTCHe gave a return signal. According to experts, the largest crypto currency in the current environment can rise up to $ 118 thousand.
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Reflection of developments on Russia – Ukraine on the crypto currency market
According to the BBC USA And Ukrainian‘ RussiaThe 30 -day ceasefire proposal to the crypto currency market was welcomed. It is stated that the proposal was evaluated by Moscow, while Polymarket data shows that the probability of ceasefire increased by 14 percent.
The decrease in geopolitical uncertainties has increased risk appetite in global markets. As it is known, volatility such as Bitcoin reacts rapidly in such developments. If the ceasefire becomes permanent crypto currency A wider participation in the market is expected to begin.
TERAVA market data supports rise
Bitcoin’s latest price movements are in parallel with the derivative market data. The value of open positions in BTC exceeds $ 46 billion reflects the expectation of long -term rise of investors. Experts consider the decrease in the volume of the transaction as a “position accumulation” while experts increase.
Funding rateN The fact that the excessive leverage risk does not occur yet. This means that Bitcoin can maintain its current momentum.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
