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Three things behind today's bitcoin rally

There are three ways to look at bitcoin right now, which is up $322 to $18,082 in the second day of gains:

1) CPI was soft, risk is on

Maybe it's as simple as that. Bitcoin rallied after soft CPI and is riding the 'risk on' train. There was a time when the bitcoin crowd pumped its resilience to inflation as a hedge but it's been exactly the opposite and lower CPI has been a catalyst.

2) Binance not imploding

SBF is going to jail for a very long time but that's old news... Read More

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Posted: Dec 14 2022, 15:18

Author Name: forexlive

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