The rise in the US inflation rate does not penalize Bitcoin $BTC $BTC $BTC
In February, the inflation rate in the USA rose to 3.2% from January’s 3.1%: however, the price of Bitcoin did not suffer from this increase.
Indeed yesterday, when the data was released, the price of BTC had only a small fluctuation, going from $72,000 to $71,400, but then immediately recovering to $72,000.
A few hours later, however, there was a brief correction that brought it down to below $69,000, but only to return to $72,000 a few hours later.
Bitcoin Price Surges to Another All-Time High Above $70,000 Bitcoin is on fire again, popping to a price above $70,000 on Friday—just days after breaking its 2021 record price. $BTC
Cryptocurrencies Are Soaring, But I Think This Is the Best Buy Right Now If you've been keeping up on markets, you've likely seen that cryptocurrencies are back in full force. In just 2024 alone, the asset class has jumped by nearly 50%, collectively worth more than $2.45 trillion today.
However, despite this resurgence, many indicators suggest that crypto has yet to hit its peak, making today a valuable opportunity. While combing through the thousands of cryptocurrencies in circulation can be a daunting task, there is a simpler way for investors to ride the waves of crypto's momentum, and it's not even a cryptocurrency -- it's Coinbase Global (NASDAQ: COIN). #Dubai_Crypto_Group #themotleyfool
Billionaire Hedge Funder Bill Ackman Mulls Bitcoin Bryan Bedder Pershing Square Capital Management founder and CEO Bill Ackman turned some of his attention to Bitcoin {{BTC}} on Saturday afternoon, cheekily suggesting a scenario in which the price for the world's largest crypto could soar far higher than anyone might imagine.
"Bitcoin price rise leads to increased mining and greater energy use, driving up the cost of energy, causing inflation to rise and the dollar to decline, driving demand for Bitcoin and increased mining, driving demand for energy and the cycle continues," said Ackman in a post on X.
"Bitcoin goes to infinity, energy prices skyrocket, and the economy collapses," he continued. "Maybe I should buy some Bitcoin." #BryanBedder
The number of the Most Beautiful Names of God 🙂 (99) names Write one from your heart, do not be stingy, perhaps God will relieve your anxiety 🦋 #رمضان.كريم