Bitcoin (BTC) is still worth $20,000 nearly six years after first reaching it — if adjusted for inflation. According to data from sources including U.S. Inflation Calculator, BTC price performance has de facto stayed static since 2017. This means that the current Bitcoin spot price — $26,050 — reflects six years of practically static BTC price action.The U.S. inflation rate continues to be a central focus for risk asset investors, including crypto bulls. Hopes are being pinned on the Federal Reserve to match economic policy with perceived reality. On Aug. 25, Fed Chair Jerome Powell will deliver a statement on policy at the annual Jackson Hole Economic Symposium.Material Indicators co-founder Keith Alan noted that investors should be prepared for a test of the lows and the potential for some whipsaw volatility. He added that a double bottom is a good foundation to bounce, while a lower low paves the way to bearadise. An accompanying chart showed the BTC/USD order book on Binance still lacking significant liquidity above $25,000, increasing the chances of rapid moves.
| Information |
Details |
| Geography |
North America |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
8 |
| People |
Jerome Powell, Keith Alan |
| Companies |
U.S. Inflation Calculator, Cointelegraph Markets Pro, TradingView, U.S. Debt Clock, Federal Reserve, Jackson Hole Economic Symposium, Material Indicators, Binance |
| Currencies |
Bitcoin, Ethereum, USD, BTC, ETH |
| Securities |
None |
