The warning appears against the US Federal Reserve's intention to tighten its asset purchasing program rapidly, followed by three rate hikes in 2022.
Bitcoin (BTC) may end up falling to as low as $30,000 if the US inflation data to be released on Wednesday comes any higher than forecasted, warns Alex Krüger, founder of Aike Capital, a New York-based asset management firm.The market expects the widely-followed consumer price index (CPI) to rise 7.1% for the year through December and 0.4% month-over-month.