Bitcoin back above $22k on a wave of investor optimism over inflation

Published by
City AM

By Darren Parkin The price of Bitcoin is holding above $22,000 this morning, after a bounce on Friday took the largest cryptocurrency by market capitalisation above $21,000 for the first time in more than a fortnight. Bitcoin is currently changing hands for $22,155 – up about 2.62 per cent over the past 24 hours. The bounce comes ahead of tomorrow’s release of the latest Consumer Price Index (CPI), with investors hopeful for another slight decline in inflation that might drive the US central bank to dial back its current programme of interest rate increases. Elsewhere, other major cryptocurren…

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