#BabyMarvinf9c7正在蓄力起飞🛫

Bitcoin traded 4.1% lower on Nov. 14 after U.S. inflation data came in slightly above market expectations. This decline mirrored the S&P 500 futures, which fell from 6,023 to 5,980 in four hours.

As a result, traders are now beginning to question the extent of this correlation and when Bitcoin’s inflation-hedging properties might provide some protection in an environment of persistent inflation.

Bitcoin’s recent intraday moves have been in line with stock market performance, reflecting concerns about persistently high inflation. However, from a broader perspective, fiscal challenges in the U.S. are likely to remain as government spending is unlikely to be slashed significantly amid recession risks.

Ultimately, Bitcoin’s trajectory toward $100,000 and above could withstand temporary pressure from short-term investors’ inflation concerns.