In the UK, the fall in the pound, which picked up recently, has had a major impact on inflation, which hit 3% this month.
How can inflation and rise in interest rate affect the price of Bitcoin?
Many people think that any economic, political and military disasters in the world will always fuel Bitcoin's price, but time has proven that in reality their effect is almost non-existent. We would need something like a new global economic crisis to actually feel some effect on Bitcoin's price, and even then it's not guaranteed that it will be positive, as some experts argue that Bitcoin might suffer too because people will have less money to buy it. If you want to base your Bitcoin trading on news, the news that mention Bitcoin directly should be more important than some general news.