crypto for the future

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9 Jan 2024
41

which has not fallen off the tongues for a long time, suddenly everyone started talking; crypto world

bitcoin is at its peak again. It reached a 17-month high. Everyone started talking about bitcoin again. So what changed from the other bull to this bull?Cryptocurrencies started to appreciate with the decline in global inflation. Cryptocurrencies gained 30 per cent in a short time. Care should be taken when investing in moments of rise. Strengthening in cryptocurrencies continues. Other investment instruments are also experiencing active days as inflation, which global economies are struggling with, begins to decline.
The upward movement that started under the leadership of gold was also reflected in cryptocurrencies. Cryptocurrencies, which have been in a downward trend for a long time, showed an upward movement with the latest data. In a short time, Bitcoin gained 33 percent in value. Other cryptocurrencies followed the leading cryptocurrency.

Inflation data from the US and the EU mobilised the markets. Inflation fell rapidly in the US and EU economies, which have been struggling with the inflation problem for a long time. In parallel with this, the actions to be taken by central banks started to be re-evaluated.


The expectation that central banks would reduce the rate of interest rate hikes and cut interest rates from the middle of the year according to the course of events increased. With these expectations, the balances in the market changed. Gold was the first commodity to react. Afterwards, cryptocurrencies also started to rise from the points where they have been inactive for a long time.

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