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 BTC price targets 27K as Bitcoin bulls shrug at PPI inflation surprise

BTC price targets 27K as Bitcoin bulls shrug at PPI inflation surprise


Published: 2023-09-14


1. Bitcoin Price Reaches $27K: The article highlights the significant increase in the price of Bitcoin,reaching $27,000. This surge was unexpected and has drawn attention from investors and industry experts. The price surge,which occurred due to increased demand and growing interest in cryptocurrencies,has led to a renewed interest in Bitcoin as a potential investment. This price milestone could also impact the overall market sentiment and drive further adoption of cryptocurrencies.

2. Bitcoin Performance as an Inflation Hedge: The article explores Bitcoin's role as an inflation hedge. With traditional assets such as stocks and bonds susceptible to the effects of inflation,investors are increasingly turning to Bitcoin as a potential store of value. The article highlights the possibility that the recent price surge of Bitcoin could be attributed to the increasing concern over inflation,given the unprecedented stimulus measures taken by governments around the world. Bitcoin's limited supply and decentralized nature make it an attractive option for those seeking protection against inflation.

3. Surprise Bitcoin Performance Index (PPI) Findings: The article presents surprising findings from the Bitcoin Performance Index (PPI). The PPI tracks the returns of Bitcoin over time and provides insights into its performance in different market conditions. The article reveals that the recent Bitcoin price surge has significantly surpassed the historical performance indicated by the PPI. This unexpected deviation from the predicted trend suggests that market dynamics and investor sentiment could be playing a more significant role in Bitcoin's price movement than traditional metrics would suggest. Overall,the article highlights the remarkable rise of Bitcoin's price to $27,000,delves into its role as an inflation hedge,and presents surprising findings from the Bitcoin Performance Index. These topics shed light on the current state of the cryptocurrency market and provide insights into the factors driving Bitcoin's growth and popularity.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 65,271.35 1,959,464,546.86
2 ARS title=ARS 1,092.20 1,425,073,847.80
3 ETH title=ETH 2,943.37 797,474,310.63
4 SOL title=SOL 161.12 625,131,122.62
5 PEPE title=PEPE <0.01 398,114,060.86
6 BOME title=BOME 0.01 288,891,776.40
7 DOGE title=DOGE 0.15 194,121,459.09
8 WIF title=WIF 2.82 183,490,051.19
9 XRP title=XRP 0.51 161,681,351.53
10 RUNE title=RUNE 6.47 149,529,784.84
11 PEOPLE title=PEOPLE 0.05 147,165,319.58
12 FTM title=FTM 0.80 143,912,640.43
13 NEAR title=NEAR 8.07 138,981,439.98
14 FLOKI title=FLOKI <0.01 130,307,946.38
15 LINK title=LINK 15.66 116,189,720.98
16 ENA title=ENA 0.68 107,217,641.17
17 BONK title=BONK <0.01 98,561,146.31
18 RNDR title=RNDR 9.95 98,499,171.71
19 JTO title=JTO 4.61 89,115,437.49
20 AEVO title=AEVO 0.81 77,337,610.55
21 WLD title=WLD 4.85 74,846,832.51
22 SUI title=SUI 1.02 64,285,473.40
23 SEI title=SEI 0.55 52,059,548.78
24 AVAX title=AVAX 34.45 46,874,132.88
25 ORDI title=ORDI 36.74 42,483,667.17
26 ADA title=ADA 0.46 41,922,313.55
27 STX title=STX 1.92 40,297,141.61
28 JUP title=JUP 1.15 40,058,360.22

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Chainlink title=LINK 15.66 +13.32
2 Biconomy title=BICO 0.50 +8.09
3 Loom Network (NEW) title=LOOM 0.09 +6.87
4 Fantom title=FTM 0.80 +6.00
5 Jito title=JTO 4.61 +5.94
6 API3 title=API3 2.48 +5.39
7 Vanar Chain title=VANRY 0.19 +4.92
8 Sei title=SEI 0.55 +4.85
9 BEAMX title=BEAMX 0.03 +4.76
10 Vulcan Forged title=PYR 4.44 +4.27
11 Immutable title=IMX 2.46 +4.13
12 Sui title=SUI 1.02 +4.00
13 Arweave title=AR 45.10 +3.55
14 Conflux title=CFX 0.22 +3.13
15 Theta Network title=THETA 2.18 +3.13
16 Alchemy Pay title=ACH 0.03 +2.93
17 Ethernity Chain title=ERN 4.43 +2.31
18 THORChain title=RUNE 6.47 +2.29
19 Metal DAO title=MTL 1.88 +2.28
20 Hedera title=HBAR 0.11 +2.18
21 Aevo title=AEVO 0.81 +2.16
22 Reserve Rights title=RSR <0.01 +2.06
23 Neutron title=NTRN 0.68 +1.98
24 High title=HIGH 4.88 +1.88
25 Chromia title=CHR 0.34 +1.88
26 Celestia title=TIA 9.06 +1.80
27 Hifi Finance title=HIFI 0.79 +1.77
28 Enzyme title=MLN 21.35 +1.72
29 Polygon title=MATIC 0.70 +1.62
30 Celo title=CELO 0.82 +1.62

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Stacks title=STX 1.92 -10.77
2 Starknet title=STRK 1.09 -7.53
3 Ethena title=ENA 0.68 -7.45
4 Renzo title=REZ 0.11 -6.95
5 Ether.fi title=ETHFI 3.27 -6.63
6 VeThor title=VTHO <0.01 -6.50
7 Pyth Network title=PYTH 0.42 -6.34
8 CyberConnect title=CYBER 7.31 -6.31
9 BENQI title=QI 0.02 -6.20
10 Render title=RNDR 9.95 -6.06
11 BakerySwap title=BAKE 0.27 -6.00
12 Badger title=BADGER 4.09 -5.93
13 dogwifhat title=WIF 2.82 -5.76
14 Rocket Pool title=RPL 19.50 -5.75
15 Keep3rV1 title=KP3R 73.25 -5.73
16 Ampleforth Governance title=FORTH 3.88 -5.71
17 FIO Protocol title=FIO 0.03 -5.66
18 W 0.54 -5.48
19 Axelar title=AXL 1.00 -5.44
20 Smooth Love Potion title=SLP <0.01 -5.31
21 DataBot title=DATA 0.05 -5.25
22 Pixels title=PIXEL 0.35 -5.23
23 NFPrompt title=NFP 0.45 -4.92
24 Bluzelle title=BLZ 0.36 -4.88
25 Optimism title=OP 2.36 -4.88
26 Illuvium title=ILV 80.91 -4.87
27 GMX title=GMX 30.13 -4.80
28 IRISnet title=IRIS 0.02 -4.73
29 ORDI title=ORDI 36.74 -4.70
30 Gnosis title=GNO 266.00 -4.66

Bitcoin's Greed and Fear Index.

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74
Greed

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