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 8 articles on similar topics including :
  1. "Sell bitcoin June expiry calls and hedge the same with short-dated December expiry options, Cumberland said". (December 14, 2022)
  2. "Tighter price ranges result from markets running into competing influences. Eventually, some narratives take the back seat, paving the way for a volatility explosion". (May 23, 2023)
  3. "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)
  4. "The cost of insuring against a potential U.S. government default in the next 12 months soared to record highs last week". (April 26, 2023)
  5. "Monthly U.S. inflation readings influence the Fed policy, which impacts both crypto and traditional markets". (May 11, 2023)
  6. "As bitcoin looks north, indicators paint a mixed picture of the major source of bullish pressures for the cryptocurrency". (January 18, 2023)
  7. "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)
  8. "As Ethereum has shifted from PoW to PoS, the economics of supply and demand underlying the two cryptocurrencies will continue to diverge, one observers said". (May 17, 2023)
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