Bitcoin Faces Stagflation

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BITCOIN
🥴 Bitcoin Faces Stagflation 

Word On The Street: Bitcoin retested critical local lows on Nov. 15, as bulls transitioned from chasing all-time highs to defending key support zones.

The details:

  • Despite setting new all-time highs on Nov. 13, Bitcoin’s journey past $90,000 faced resistance, with the market now consolidating at lower levels.

  • This retreat came as the latest U.S. inflation data, specifically October’s Producer Price Index (PPI), indicated rising inflationary pressures.

  • The return of inflationary concerns introduced fresh anxiety for risk assets like Bitcoin.

Why it matters: This creates a lose-lose situation for the Fed. Raising rates could tip the economy into a recession, while cutting rates risks fueling further inflation.

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