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Bitcoin and cryptocurrencies show signs of recovery ahead of the release of the US inflation report, which affects expectations for raising or lowering interest rates by the Federal Reserve, directly impacting the performance of high-risk assets like cryptocurrencies. A decrease in inflation may weaken momentum in the cryptocurrency market, as investors might expect the Fed to lower interest rates later, temporarily reducing interest in high-risk assets. Meanwhile, an increase in inflation could ignite investors' appetite for hedging, leading them to turn to Bitcoin $BTC as an alternative asset against the erosion of purchasing power.