How do major economic indicators like core CPI and jobless claims influence Bitcoin’s stability?
Why is this the correct answer?
This is correct because core CPI and jobless claims data influence expectations for monetary policy and interest rates, which in turn affect how risk assets like Bitcoin are valued. When inflation is low and employment is strong, investors may feel more comfortable allocating funds to higher-risk assets, leading to price stability or growth. Conversely, unexpected data can trigger volatility as market participants adjust their portfolios.
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