Truflation: Inflation Movements Predict Upcoming Bitcoin Rally
Truflation, a real-time data provider for inflation indexes, presented a correlation between its real-time inflation data and bitcoinβs price movements. The company stated that every time its disinflation trend pauses or reverses, bitcoin tends to rally shortly after. Truflation, which classifies bitcoin as a risk asset, believes that these instances when inflation is relatively stable between changes become a βsweet spotβ for bitcoin. βBitcoin appears to be reacting to that early signal, even before CPI data or the Federal Reserve catches up,β Truflation assessed, putting inflation trend changes as leading indicators before a risk asset market bull run.
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