Big news in the world of Bitcoin! This week, Bitcoin's price has been a little wobbly. A government report about inflation (how much prices are going up) might change things. This report is important because it could affect interest rates and the value of the dollar, which in turn affects Bitcoin.
- Businesses often raise prices at the start of the year.
- High inflation could mean higher interest rates, which might make Bitcoin less attractive.
- Low inflation could mean lower interest rates and could be good for Bitcoin.
- Some big companies are buying more Bitcoin, showing they still believe in it.
- However, some experts think the recent growth in Bitcoin might be slowing down.
| Bitcoin Price (approx.) | $96,029 |
|---|---|
| Ethereum Price (approx.) | $2,619 |
| Bitcoin's share of the crypto market | 61.32% |
