Bitcoin Sees ‘Short Term Volatility’ After Inflation Data, Altseason Remains Distant

Bitcoin (CRYPTO: BTC) and the broader crypto market briefly dipped in mid-day trading, reflecting worries over accelerating inflation.

What Happened: Crypto analyst Ali Martinez commented “not good” on the unexpectedly high inflation numbers as analyst Kevin pointed out that headline inflation above 3% is a bearish signal and reinforces the idea that altseason is still far off.

Trader Ash Crypto, however, sees the pullback as short-term volatility, arguing that a 0.1% CPI difference (from 2.9% to 3.0%) was mostly due to higher oil prices—a predictable seasonal effect.

“If CPI expectations had been set …

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