Declines in energy prices drive lower U.S. inflation, and crypto prices advance. But a closer look at the December Consumer Price Index report showing a 6.5% inflation rate suggests the Federal Reserve may have to stay hawkish for a while.
Sure, there's been a bit of a mini-rally this week in BTC. But an analysis of blockchain data highlights the recent months' slowdown in institutional crypto investing.
Calm waters do not last long in bitcoin, so be prepared for a sharp move here shortly, one observer said, referring to the cryptocurrency's ultra-low historical or realized price volatility.
La volatilidad de bitcoin continuará cayendo mientras que las condiciones económicas mejoran y el mercado se vuelve resistente a los titulares negativos que surgen del colapso de FTX, dijo un observador.
Bitcoin's volatility will continue to drop as the economic backdrop improves and the market becomes resilient to the negative FTX headlines, one observer said.