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Bitcoin Hits One-Month High Ahead of US Inflation Data

Bitcoin's dominance price rose above 41% alongside the cost rally, signaling de-risking throughout the crypto market.
Bitcoin's dominance rate rose above 41% alongside the price rally, signaling de-risking in the crypto market.

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Author: Omkar Godbole

Omkar Godbole has recently written 7 articles on similar topics including :
  1. "Bitcoin's options skew favors bearish put options by the most in two months". (March 10, 2023)
  2. "Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests the cryptocurrency is still a risky asset". (April 7, 2023)
  3. "The estimated ratio indicates how much leverage is used by traders on average, according to CryptoQuant". (April 28, 2023)
  4. "Bitcoin and technology stocks rose Tuesday even as a hotter-than-expected U.S. CPI figure revived Fed angst and lifted Treasury yields". (February 15, 2023)
  5. "While bitcoin has gained nearly 43% this month, ether has appreciated by 36%". (January 30, 2023)
  6. "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". (December 22, 2022)
  7. "As bitcoin looks north, indicators paint a mixed picture of the major source of bullish pressures for the cryptocurrency". (January 18, 2023)
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