Bitcoin does not move only because of crypto news. It also reacts to the US economy.
When US inflation comes in higher than expected, investors start to expect tighter policy from the Federal Reserve. Higher interest rates make safer dollar assets more attractive and often reduce appetite for riskier assets, including crypto. That is why a US inflation report can move Bitcoin within hours.
For Nigerians, the useful lesson is to avoid reacting to a single red or green candle. Watch the wider picture: US inflation, Federal Reserve signals, the dollar and Bitcoin liquidity. A price move is not always a change in Bitcoin’s long-term value. It is often the market adjusting to new expectations.
Source: Reuters reporting on Federal Reserve policy.
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