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Crypto Moves #56 – Suddenly We Are Once Again Discussing Inflation

The crypto market continues to show strong bullish momentum, but inflation—a well-known adversary for digital assets—has unexpectedly returned to the spotlight. This is the current state of affairs.
2024-12-13

It should come as no surprise that inflation dominated headlines throughout 2022 and 2023. This was largely because central banks around the world, including the U.S. Federal Reserve (Fed) and the European Central Bank (ECB), had to respond to rising inflation by aggressively increasing interest rates. The chart below highlights these interest rate changes.

Chart 1: Bitcoin & Ethereum Price vs. USD & EUR Interest Rates

The crypto market continues to show strong bullish momentum, but inflation—a well-known adversary for digital assets—has unexpectedly returned to the spotlight. This is the current state of affairs.

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