Bitcoin (BTC) continues to make lower high after lower high. When can we expect a decent bounce? Does this extended roll-over signify the top?
Tariffs and poor inflation figures dampen the market
The market has the jitters again. First it was President Donald Trump and his swingeing tariffs, and then it was the release of inflation figures that were worse than expected. With this kind of a backdrop, Bitcoin is struggling to maintain buoyancy.
The US traditional markets open a bit later on Thursday and it will be interesting to see what kind of a reaction there will be to the new inflation figures now that the market has had more time to digest them. Yesterday, when the figures were released, the S&P did fall back to 6,000, but managed to finish the day back at 6,050. So far today, Bitcoin has wiped out all its gains made on Wednesday and is sitting at horizontal support at just below $96,000.
The worsening inflation figures in both CPI and Core CPI are not good for r
We współpracy z: https://cryptodaily.co.uk/2025/02/bitcoin-btc-downtrend-continues-market-analysis
