Bitcoin reaches September highs, disregarding the US Consumer Price Index (CPI) and FTX liquidation news.
Market dynamics hint at a shifting trend, with Bitcoin maintaining strength despite potential bearish indicators.
Bitcoin’s Performance Unperturbed by Macroeconomic Waves
Amidst the swirling macroeconomic and industry-specific news, Bitcoin‘s prowess remains apparent. Following the September 14th close, Bitcoin surged to a new high for the month, standing firm at $26,623. This upward trajectory becomes especially noteworthy when considering recent developments.
Understanding Market Dynamics
The granddaddy of cryptocurrencies exhibited tremendous resilience, notably after the US Consumer Price Index (CPI) unveiled figures that surpassed expectations. In addition to this, news confirming the legal go-ahead for the liquidation of remaining assets of the now-defunct exchange FTX didn’t cause any perceivable cracks in Bitcoin’s intraday performance. These instances underline the

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