In periods of bullish market cycles, when market inflation falls below nominal inflation, it suggests that long-term investors are accumulating assets. This scenario has the potential to drive up the price of Bitcoin. Conversely, if market inflation surpasses nominal inflation, it could result in significant selling pressure from investors, potentially leading to a significant decline in BTC’s value. As of the time of writing, the market inflation metric indicated the second scenario. Bitcoin was being traded at $69,164, reflecting a 2.98% increase over the past week. Stay updated with the latest financial and business news by visiting COINTURK FINANCE.
