Bitcoin Rebounds After Inflation Dip, Matt Hougan Predicts Major Altcoin Opportunity Ahead

The post Bitcoin Rebounds After Inflation Dip, Matt Hougan Predicts Major Altcoin Opportunity Ahead appeared first on Coinpedia Fintech News

After a sharp dip to just above $94,000 earlier Wednesday, driven by unexpectedly high U.S. inflation data, Bitcoin (BTC) has managed to recover and climb back to $97,500. The cryptocurrency’s brief decline came in response to the inflation figures, which were stronger than anticipated, sparking concerns in the markets. However, Bitcoin quickly reversed course, showing …