The Consumer Price Index hit an elevated rate of 8.5%. The addressable market for an immutable asset like bitcoin with its limited supply is above $100 trillion.
Rising interest rates may seem bullish for the bitcoin price, but a credit market unwind and hawkish central bank means a market selloff in the short term.
The latest bitcoin upwards price momentum seems to be coming from western buyers, but persistent Asian-hours selling pressure is tempering bullishness.
WORLD CUP
