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Bitcoin Faces Stagflation

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🥴 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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