How to Trade Bitcoin This Week | Inflation Explained
How to Trade Bitcoin This Week | Inflation Explained
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Bitcoin and the rest of the crypto market face a massive challenge on Wednesday with a fresh round of inflation data via CPI.
The last reading was a massive 9.1%, and the consensus for tomorrow is 8.7%. So many economists are clearly suggesting that we’ve reached peak inflation.
Today’s video explains exactly how inflation affects markets and what to watch as we head into Wednesday’s CPI reading.
I explain what CPI number could be bullish for crypto and what number might be bearish. I also give my thoughts on how to trade Bitcoin based on the inflation data we get this week.
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.