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Does the Fed's inflation gauge matter for bitcoin?
Financial outlets are examining whether the Federal Reserve's preferred inflation measure influences bitcoin's price. Crypto markets are increasingly sensitive to US macroeconomic data, as readings on inflation shape expectations for interest rate decisions. Traders are weighing whether the gauge moves bitcoin the way it moves traditional risk assets, or whether crypto follows its own cycle.
Why now: Investors are awaiting the Fed's inflation gauge and wondering how bitcoin will react to it
Evidence
- Does the Fed's inflation gauge matter for bitcoin? · Yahoo Finance
- Does the Fed's inflation gauge matter for bitcoin? · Yahoo Finance UK
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