As many of our micro cap coins are doing very well like ATOR(All time high today), HILO, RVF and many more, Bitcoin remains flat… still. Also unemployment data comes out today so expect some volatility in this market.
Now there are some interesting things happening with more debt monetization.which will increase the amount of currency printing like no other(The US continues to buy its own debt). The US now has to pay over a TRILLION dollars of just interest payments each year. As I have been saying since last year, in 2023 they will print more currency than ever before. AND as I have also said for years now that Bitcoin thrives during monetary inflation.
With all of that said, don’t be put off by the boring price action of Bitcoin. Bitcoin is doing just fine and many of the small cap alt coins that I have bough are doing incredibly well. Exciting times ahead because once Bitcoin breaks above this stubborn range, it’ll drag most of the coins I have been sharing with all of you UP.
Disclaimer: This article is for educational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk; you should always do your own research before making any investment decisions.