Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
Bitcoin breaks £23,000 as UK inflation hits double-digits, markets price in 25bps for the BOE
UK CPI YOY breaks double-digits as BTC breaks out past £23,000 and exceeds economic forecasts as rate hike looms.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- UK CPI YOY came in hot at 10.4% when it was forecasted to come in at 9.9%.
- UK core CPI YOY came in at 6.2% — while it was forecasted to come in at 5.8%.
- This CPI result came after politicians in the UK called for “inflation has peaked.”
- UK HICP inflation is growing at the fastest rate across the G7.
- The Bank of England is meeting tomorrow to decide on the rate hike. Money markets have fully priced in 25bps.
- As a result, GBPUSD has shot up 1.75% to 1.22.
Market Cap $1.59T
24H Volume $33.77B
