Bitcoin Bounces – Inflation rise fuels the crypto rally
After a gloomy start to 2022 that saw the crypto markets in the doldrums, high inflation figures helped fuel a minor rally in the markets today.
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Andy looks at the most important data points and narratives driving the crypto news cycle this week. Inflation in the US jumped at its fastest pace in nearly 40 years, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on the Federal Reserve.
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