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<\/figure>\n\n\n\nThe bulls are back in town<\/h2>\n\n\n\n
Bitcoin bulls are patting themselves on the back this week as the world’s largest cryptocurrency puts in an impressive return to form after weeks of consolidation.<\/p>\n\n\n\n
Macroeconomic tailwinds in the US, have arrived alongside improving sentiment across risk assets, giving optimists the edge.<\/p>\n\n\n\n
The gains coincide with a key week of U.S. macroeconomic data prints, suggesting inflation has peaked.<\/p>\n\n\n\n
A bullish CPI print<\/h2>\n\n\n\n
The positive news began with a Consumer Price Index (CPI) that matched expectations.<\/p>\n\n\n\n
CPI has become a major volatility catalyst for both stocks and crypto, that have become increasingly intertwined. <\/p>\n\n\n\n
Despite a lack of initial reaction, markets have now reacted as expected to the good news.<\/p>\n\n\n\n
Retail sales and manufacturing numbers further improved the outlook, with investors emboldened to send crypto higher still.<\/p>\n\n\n\n
The news isn\u2019t over yet<\/h2>\n\n\n\n
More key data is still to come, a hot Jobless Report could boost Bitcoin further still. <\/p>\n\n\n\n
If U.S. unemployment data comes in above expectations, we could see investors anticipate this as evidence that the Fed\u2019s economic policy is working, and that the worst of the downturn is over.<\/p>\n\n\n\n
If this translates to The Fed lowering interest rates, traders are anticipating the rally will continue further skyward.<\/p>\n\n\n\n
As always, this article does not constitute financial advice. You should be sure to research and consult a professional financial advisor before making a major investment decision.<\/p>\n\n\n\n
To stay up to date on all things crypto, like Xcoins on Facebook<\/a>, and follow us on Twitter<\/a>, Instagram<\/a>, and LinkedIn<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s price is up 7.6% today in response to favorable macroeconomic data \u2014 but how long will BTC\u2019s gains continue? […]<\/p>\n","protected":false},"author":17,"featured_media":8277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[740],"tags":[426,427,441],"class_list":["post-8276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis-2","tag-bitcoin","tag-cryptocurrency","tag-usd"],"yoast_head":"\n