Hot Inflation Data Puts Bitcoin Under Pressure, but ‘Difficult’ Isn’t ‘Bearish’: CoinShares

According to CoinShares, recent hot inflation data has put pressure on Bitcoin, but long-term investors should not be overly concerned. The European asset manager stated that while Bitcoin is reacting to weekly data, this does not necessarily indicate a bearish trend. This view was first reported by Bitcoin Magazine and written by Mathew Di Salvo.

Sources

• Bitcoin Magazine — Hot Inflation Data Puts Bitcoin Under Pressure, but ‘Difficult’ Isn’t ‘Bearish’: CoinShares

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