cryptonews: Bitcoin has bounced back hard over the past 24 hours — shrugging off recent developments in the crypto markets. 💪
BTC had suffered losses in every single quarter of 2022 — and hasn't performed this well since Q1 2021, when prices doubled.Central banks are beginning to hint that their aggressive campaign of interest rate hikes will soon be over, which could be an exceedingly bullish development.
But all of this hinges upon economic data pointing to signs of a recovery — and this is by no means guaranteed. European markets were left reeling after the Consumer Price Index in the U.K. spiked by 10.4% in February — their highest rate in 45 years — taking economists by surprise.
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