Bitcoin ຖື $ 24K ໃນຂະນະທີ່ USD ແຕະຈຸດຕໍ່າສຸດໃນ 3 ອາທິດໃນບົດລາຍງານອັດຕາເງິນເຟີ້ຂອງເອີໂຣ

Bitcoin (BTC) sought to pin $24,000 as support before the July 29 Wall Street open as fresh inflation data sparked worries for the euro.

Eurozone inflation estimate shows no peak

ຂໍ້ມູນຈາກ Cointelegraph Markets Pro ແລະ TradingView showed BTC/USD maintaining most of its latest gains after spiking to nearly $24,500 overnight. 

The day’s macro action delivered painful news for the European Economic Area (EEA), as the latest estimates for euro inflation came in at 8.9% for July — still climbing from June’s 8.6%.

“Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in July (39.7%, compared with 42.0% in June), followed by food, alcohol & tobacco (9.8%, compared with 8.9% in June), non-energy industrial goods (4.5%, compared with 4.3% in June) and services (3.7%, compared with 3.4% in June),” an accompanying report ລວບລວມ by Eurostat read.

The data provided a curious contrast in some European Union member states, where growth outperformed expectations despite the highest inflation figures in the history of the euro’s existence. This led some commentators to suspect that all was not what it seemed.

800B Euro spending fund papering over sad realities. https://t.co/31m7ZviKtb

— Tamay Ozgokmen (@TOzgokmen) ເດືອນກໍລະກົດ 29, 2022

The European Quandary, nonetheless, buoyed the United States dollar, which had been retreating from its latest two-decade highs against a basket of trading partner currencies through July.

The U.S. dollar index (DXY) touched 105.54 on the day, its lowest reading since July 5, before rebounding to near 106 at the time of writing. 

A key inverse correlation for crypto markets, additional DXY advances could signal fresh pressure on BTC price action.

“DXY just dropped to the previous high now support and seems to be holding. A possible bounce here to 107, 108 before further drop,” popular trading account Mikybull Crypto ຄາດຄະເນ in a fresh Twitter update, adding that this scenario would entail a pullback to $22,800 for BTC/USD.

-

ໃນ arguably unexpected bullish turn, meanwhile, Arthur Hayes, ex-CEO of derivatives platform BitMEX, implied that a weaker dollar was now imminent.

ທີ່ກ່ຽວຂ້ອງ: Bitcoin bull ແລ່ນ 'ສົນໃຈ' ຍ້ອນວ່າລາຄາ BTC ສູງ 6 ອາທິດ

Following the Federal Reserve’s latest key rate hike, Hayes stated that the central bank’s return to accommodative monetary policy and more neutral rates had now begun.

Fed Chair Jerome Powell, he wrote on July 28, would not be increasing hikes any longer, something he called the “Powell pivot.”

The Powell Pivot is here, my body is ready and so is my portfolio. pic.twitter.com/hlI8lzqLcX

- Arthur Hayes (@CryptoHayes) ເດືອນກໍລະກົດ 28, 2022

The theory, as Cointelegraph recently reported, revolves around the Fed having little room left to maneuver thanks to rate hikes increasing the likelihood of a deeper recession in the U.S. economy.

The latest GDP data released this week had already placed the U.S. in a technical recession thanks to two straight quarters of negative numbers.

ຄວາມຄິດເຫັນແລະຄວາມຄິດເຫັນທີ່ສະແດງຢູ່ນີ້ແມ່ນພຽງແຕ່ຂອງຜູ້ຂຽນແລະບໍ່ ຈຳ ເປັນຕ້ອງສະທ້ອນເຖິງທັດສະນະຂອງ Cointelegraph.com. ທຸກໆການລົງທືນແລະການເຄື່ອນໄຫວການຄ້າແມ່ນກ່ຽວຂ້ອງກັບຄວາມສ່ຽງ, ທ່ານຄວນ ດຳ ເນີນການຄົ້ນຄ້ວາຂອງທ່ານເອງເມື່ອຕັດສິນໃຈ.