BitcoinGiá lên
24,200 won't last long
So this is the 4th time we hit the 24,200 resistance.
Anyway CPI just came out 8.5% YoY which is less than previous month (9.1%)
Could inflation have peaked?
Well, you'd think in a high inflationary environment people would be buying scarce assets like bitcoin but instead it is taking monetary expansion and contraction, not price inflating
Now that inflating seems to have peaked, market participants seem to be anticipating less rate hikes which means less contraction in monetary supply which means potentially demand has bottomed and we potentially found a floor in asset prices.
The question is, how will earnings of companies worldwide affect the multipliers of valuations?
Anyway CPI just came out 8.5% YoY which is less than previous month (9.1%)
Could inflation have peaked?
Well, you'd think in a high inflationary environment people would be buying scarce assets like bitcoin but instead it is taking monetary expansion and contraction, not price inflating
Now that inflating seems to have peaked, market participants seem to be anticipating less rate hikes which means less contraction in monetary supply which means potentially demand has bottomed and we potentially found a floor in asset prices.
The question is, how will earnings of companies worldwide affect the multipliers of valuations?
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