"Industry Focuses on US Inflation and Employment Data... Possibility of Bitcoin (BTC) Falling Below $100,000"
JH Kim
Summary
- The Bitbank report stated that if US inflation and employment data worsen, the price of Bitcoin could fall below $100,000.
- The report explained why the cryptocurrency market is focusing on US economic indicators.
- The deterioration of economic indicators could create an unfavorable environment for Bitcoin.
On the 31st (local time), the cryptocurrency specialist media Decrypto, citing a report from the Japanese exchange Bitbank, predicted that "if future US inflation and employment data worsen, Bitcoin (BTC) could fall below the $100,000 mark."
The report stated, "Now that President Donald Trump's inauguration is over, the cryptocurrency market is focusing on inflation data and employment reports," explaining that "these economic indicators could create an unfavorable environment for Bitcoin."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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