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Bitcoin rises to 85 thousand dollars with an increase in inflation expectations

Bitcoin, the leading cryptocurrency depending on the maximum market, it has Recall The level of $ 85,000 for the first time since March 9.

It currently changes the hands at $ 84,422 on the Bitstamp exchange.

The high price of Friday comes after the price showed by the morale surveyed by the University of Michigan, the highest inflation forecast since 1993. inflation expectations increased throughout the year from 4.9 % to 4.3 %. Consumer feelings have achieved tremendous success, as it decreased to 57.9.

An inflation forecast is likely to rise due to the global tariff tensions that were chaos in the stock market during the past month.

The chances of stagnation in the United States increased to the highest level since November, reaching 42 %.

Related

Blackrock resumes the purchase of Bitcoin (BTC) with a new check of $ 25 million

Bitcoin is often announced as a hedge of inflation by its supporters, but it tends to circulate as the origin of risk. However, it tends to show its amazing nature from time to time.

The pioneering NASDAQ-100 index collapsed with more than 11 % over the past month. However, it added 2.36 % on Friday.

Meanwhile, the price of gold reached a new rise of $ 3,004 earlier today. Bitcoin’s performance significantly led the yellow metal during this year, and the Mike McGlone from Bloomberg expected that this weak performance may continue in the near future.

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