Slowed Down Inflation Welcome Change for Crypto Markets
by Wieke Beenen The price of bitcoin has increased by more than 20 percent in seven days. The value went up to $20,847 (19,244 euros) on Monday morning. A week earlier, the digital coin was worth about $17,000. The price has mainly gone up because investors expect that there won’t be any more rate hikes. Recently, the central banks had drastically raised interest rates to curb inflation. But now it…