The Impact of Inflation in the USA on the Bitcoin Price: Why the Fall Occurred
Date: 2024-04-11 Author: Henry Casey Categories: BUSINESS
In the US, excluding food and energy prices, consumer inflation amounted to 3.8%, and on a monthly basis increased by 0.4%, the same as last month.
Information about consumer inflation exceeding the expected value caused a fall in the Bitcoin rate, says cryptocurrency blogger Keyur Rohit.
Forecasts and Expert Opinions
Analyst Matthew Miskin of John Hancock Investment Management says the Federal Reserve's announcements of future key rate cuts have led to a slight rise in prices.
Grayscale platform experts emphasize that high inflation and expectations regarding the key rate may have a negative impact on the price of Bitcoin in the near future.
The head of a large American mining company, Fred Thiel, does not expect a significant increase in the price of Bitcoin after the halving and believes that most of the potential price rally is already taken into account in the current value of the asset.
