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BTC UPDATE For the news we were waiting for, the U.S. Bureau of Labor Statistics reported today that over the last 12 months, the all-items index increased 7.0 percent before seasonal adjustment which was predicted to be 7.1%. The fall which was to be a factor in because of the high inflation rate is already done. And anything less than the prediction was good and so we saw some recovery in the market yesterday. To enter a bull market, we still need to reclaim $46,000 mark until then the market is indecisive. Also, after reaching $46,000 we may see some profit booking by small traders and after which we may see a good rally in the market. What is Inflation and What is its Impact on Cryptocurrencies Inflation is the gradual loss of a currency's buying value over time. The increase in the average price level of a basket of selected goods and services in an economy over time may be used to calculate a quantitative estimate of the pace at which buying power declines. A rise in the ov...