Bitcoin price action of late has fueled optimism among traders as the asset climbs toward $27,000 after a weak performance throughout August and the f
Based on data from crypto intelligence tracker Santiment, as of Tuesday, Bitcoin’s large wallet investors are sitting on the sidelines. The surge in Bitcoin address activity and the short-lived price rally in response to the US CPI report acted as volatility drivers for BTC in September.Whale transaction count vs BTC price
Among these assets, BTC has recorded the highest ratio of profit vs. loss since the first week of July. This is typically considered a warning sign of an upcoming decline in BTC. The If inflation falls below target the central bank may cut base lending rates, with a view to stimulating lending and boosting the economy. If inflation rises substantially above 2% it normally results in the central bank raising base lending rates in an attempt to lower inflation.Higher interest rates generally help strengthen a country’s currency as they make it a more attractive place for global investors to park their money.
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