đ Bitcoin's been playing hard-to-get with the $71k mark, but don't let that fool you! đ The BTC derivatives market is showing a more stable vibe, and the U.S. inflation figures are making Bitcoin look like the belle of the ball. đđș
Analysts reckon the U.S. Federal Reserve's monetary expansion has led to inflation, which could keep interest rates high. This might be bad news for those looking to refinance or take out new loans, but it's music to the ears of Bitcoin investors. đ¶
In the last month, gold and Bitcoin have been hitting the high notes, while U.S. government 2-year notes have hit a sour note, dropping to a nine-month low. đ
Sure, Bitcoin's performance might be tied to the stock market, but the BTC futures and options markets are showing neutrality. Plus, the balance between call and put options suggests a more bullish outlook. đ
So, unless there's a major economic downturn, Bitcoin's unlikely to drop below $65k. What do you think? Will Bitcoin hit new highs or are we in for a rollercoaster ride? đą Comment below! đ
Remember, always do your own research before making any investment decisions. đĄ
