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Bitcoin holds $20K as ECB warns inflation may never return to pre-COVID lows

Published 06/29/2022, 12:03 PM
Updated 06/29/2022, 02:20 PM
Bitcoin holds $20K as ECB warns inflation may never return to pre-COVID lows

Bitcoin holds $20K as ECB warns inflation may never return to pre-COVID lows

Bitcoin (BTC) held steady at just above $20,000 after the June 29 Wall Street open as Europe's chief banker admitted the world would "never" return to low inflation.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD looking nonvolatile but precarious as it stuck in a narrow range on the day.

BTC/USD order book data (Binance). Source: Material Indicators/ Twitter (NYSE:TWTR)
Major publicly traded companies' BTC treasury data (screenshot). Source: Bitcoin Treasuries

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