Bitcoin

Optimism

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-rises-due-to-market-optimism-and-inflation-data/" data-wpel-link="internal">Bitcoin Rises Due to Market Optimism and Inflation Data</a><br></p>
<p style="text-align: justify">The fluctuating prices throughout the day result from various developments. Today, significant events occurred. The recent surge that could trigger a rapid rise for altcoins began a few hours after the US markets opened. So, what is the reason for the rise? Will it be permanent? What are the current predictions?</p> 
<h2 style="text-align: justify" id="why-did-bitcoin-rise">Why Did Bitcoin Rise?</h2> 
<p style="text-align: justify">Today, the Japanese stock market erased a significant portion of its losses and closed the day with gains of over 3%. The US markets opened positively about 3 hours ago. After last week’s global turmoil, the rebound in stocks disproves long-standing destruction stories. Of course, <a href="https://en.coin-turk.com/bitcoin-market-volatility-continues-as-etf-decision-looms/" data-wpel-link="internal">BTC</a> also began its rise, albeit with a delay. Another important reason for today’s rise was the inflation <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> that came in below expectations.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class=" wp-image-379499 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/BTCUSDT_2024-08-13_19-40-04.png" alt="" width="1260" height="580"></p> 
<p style="text-align: justify">Over $8 billion in Mt Gox returns, sales in Germany and the US, and recession concerns have all played a role. Now, with growing optimism about tomorrow’s inflation data, BTC is preparing for a potentially larger rise tomorrow.</p> 
<p style="text-align: justify">For the Fed, the process of keeping <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rates</a> at their peak will very likely end by September.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-rises-due-to-market-optimism-and-inflation-data/" data-wpel-link="internal">Bitcoin Rises Due to Market Optimism and Inflation Data</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-rises-due-to-market-optimism-and-inflation-data/" data-wpel-link="internal">Bitcoin Rises Due to Market Optimism and Inflation Data</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin Rises Due to Market Optimism and Inflation Data

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