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cryptonews
2023-02-24 18:29:00

Bitcoin Price Dips On Hot US Inflation Data, But BTC Bulls Can Take Solace in These Bullish Options Market Signals

Bitcoin Price Dips On Hot US Inflation Data, But BTC Bulls Can Take Solace in These Bullish Options Market Signals

Bitcoin was last trading lower by over 3.0% on Friday in the low $23,000s, with BTC/USD falling back under its 21DMA for the first time in nearly two weeks in wake of a hotter-than-expected US Core PCE inflation report that raises the risk the US Federal Reserve lifts interest rates to higher levels for longer. MoM and YoY price pressures both unexpectedly rose in January, according to the latest report, to 0.6% and 4.7% respectively.... Read More: Bitcoin Price Dips On Hot US Inflation Data, But BTC Bulls Can Take Solace in These Bullish Options Market Signals

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