Bitcoin Traders Unfazed by Inflation Report
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bitcoin traders remain unfazed by Fridays U.S. inflation report, anticipating a minimal impact on BTC price. Implied volatility for bitcoin has reached its lowest level since January, while March consumer price index is forecast to rise to 3.4% year over year. Despite concerns over potential rate cuts and energy shock due to the Iran war, traders are dismissing the report as a non-event, even as gasoline prices surge. The real test comes Friday at 8:30 AM Eastern time, as the markets calm could be challenged by the wars economic ripples.
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