The weakening of inflation in the United States did not live up to expectations
Bitcoin is not an inflation hedge . The first cryptocurrency is under pressure from much more inflation. As soon as the latest US inflation data was published, the prices of crypto assets, as well as important US stock indices, fell sharply. The so-called US consumer price index stood at 8.3% in November, again up 0.1 percentage point from October, according to the Bureau of Statistics. In fact, many expected inflation…