If the CPI prints another small decrease during the next report, both legacy and cryptocurrency markets could surge to new all time highs.
And again and again, crypto bounces when inflation shows a decline after falling during months of high inflation.
How many nails are there already in the coffin of the theory that Bitcoin does great in times of high inflation, war, disasters, and economic downturns?
But to play the devil's advocate, isn't the sudden change of mood to extreme bullishness also inflationary?
The more I watch the reactions and the price movements after this news came out the more I believe crypto has to become infested with bots that trade based on market news like forex is right now, one keyword in the press and they go full swing, this almost never happened years ago but lately it happens every single month the moment it hist the newspaper the volume and the price pick up. So I don't really know if it's a bullish sentiment or it's an induced bullish feeling.