TechFlow news, on February 12, Matrixport released a chart showing that despite inflation remaining within controllable levels, market demand for safe-haven assets remains strong. Although Bitcoin has recently entered a consolidation phase, this trend may still provide support for its price.
Data shows that gold prices have surged past $2,912 per ounce, rising over 50% compared to last year when they first broke through $2,000; meanwhile, Bitcoin's price holds at around $97,438. Analysis indicates that while the overall inflation rate has rebounded to 2.9%, Truflation data suggests actual inflation is closer to 2.0%. If inflation continues to decline, gold and Bitcoin prices are expected to strengthen further.
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