Bitcoin price remains stagnant as US inflation falls and dollar weakens
Bitcoin (BTC) showed little reaction to the gains made at the Wall Street open on March 13 as US inflation indicators continued to decline. BTC/USD was trading around $81,500, down 2.3% for the day. The Producer Price Index (PPI) for February fell below expectations, similar to the Consumer Price Index (CPI) results from the previous day. Despite cooling inflation and a weakened US dollar, both stocks and crypto remained stable. Market analysts suggest that the ongoing US trade war may intensify due to slowing inflation, leading to increased volatility in the markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hyperliquid’s 50x leveraged LINK long position has a floating profit of $1.99 million
Goldman Sachs: Baseline forecast of gold price at $3,100 by the end of 2025 has upside risk
Analysis: Whales bought more than 20,000 BTC in the past 48 hours
Deutsche Bank: Bank of England could cut interest rates to 3.5% by year-end
Trending news
MoreCrypto prices
More
