The inflation works good for Bitcoin.
Hey, Itez is here! Dear Bitcoin owners, we have good news for you!
Now the BTC price has reached $44,000, and all thanks to the fact that in the USA the inflation level for December was 7%. The highest rate mark reached $44,135.37 (the highest rate mark reached $44,135.37).
Btw, the price reaches $42,205.56, which is still 1.54% higher than the latest downgrade mark.
The price has certainly dropped, but it's still a noticeable jump if you look at the marks for the last week.
It's worth adding that this event didn’t happen by chance.
Just recently, the US Bureau of Statistics and Labor published the inflation data for the past month, which reached a historically high level over the past 40 years.
The CPI for December in the US was 7%, which is 0.2% higher than the price index for November. CPI is the consumer price index. It's an indicator of the average change in prices that buyers pay for a consumer basket of goods and services. Last time such inflation rate was witnessed in 1982.
Crypto enthusiasts, now it's ultimately good times to recharge your wallets!
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