Here’s why Bitcoin traders shouldn’t overanalyze US inflation data

by Aurelia Butler 12 February 2022, 22:20 99 Views

When the United States Bureau of Labor Statistics reported a 7.5% increase in the Consumer Price Index (CPI) on Feb. 10, traders rushed to find some connection to the crypto price action. However, historical correlation data shows investors should actually closely scrutinize whether there is even a relation between Bitcoin (BTC) and major economic indicators.

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Source: Cryptocurrency - investing.com

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Here’s why Bitcoin traders shouldn’t overanalyze US inflation data

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