Executive summary: Inflation Still Running Hot! A September 2022 Bitcoin Price Update
Since the last July update, we had a small scam pump and a lot of sideways crabbing. What's in store for BTC for the rest of 2022?
What you will learn:
- What drives the price of Bitcoin in the summer of 2022.
Executive summary:
- Bitcoin could not get past $25K in a disappointingly meek summer rally.
- Inflation is still creeping upwards, which means the Fed will continue its hawkish course and close any route to a sustained BTC rally.
- Price-based capitulation looks largely done, but how long time-based capitulation could last is anyone's guess.
Full article:
Inflation Still Running Hot! A September 2022 Bitcoin Price Update | CoinMarketCap
With August’s CPI print coming in higher than expected and month-on-month inflation at a 40-year high, BTC has taken a knock. Prices touched the 20K level — but will we see more downside?
CoinMarketCap