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Bitcoin Price Forecast: BTC/USD Back Above $20,000 – Risk Assets Gain

August 31, 2022

Via: DailyFX

Bitcoin, Ethereum and tech stocks are trading higher after a positive day for risk assets.

With Eurozone inflation showing no sign of easing, another heated CPI print has placed additional pressure on the ECB (European Central Bank). As both the ECB and the Federal Reserve gear up for the next round of rate hikes, markets shrugged off the inflation data that has been driving price action for a large portion of the year.

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