Bitcoin (BTC) price has held above $20,700 for 4 days, fueling bulls’ hope for another leg up to $23,000 or even $25,000. Behind the optimistic move was a decline in inflationary pressure, confirmed by the December 2022 wholesale prices for goods on Jan. 18.
The United States producer price index, which measures final demand prices across hundreds of categories also declined 0.5% versus the previous month.
Eurozone inflation also came in at 9.2% year-on-year in December 2022, marking the…
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