The post Bitcoin Faces Market Turbulence Amid Inflation Fears and GameStop’s Strategic Move to Acquire Cryptocurrency appeared on BitcoinEthereumNews.com.

Bitcoin experienced significant volatility this week as external economic factors, particularly inflation and trade concerns, impacted market sentiment. Despite an initial rally, the cryptocurrency faced downward pressure, reflecting ongoing uncertainties in the global economy. According to a recent report by CoinGecko, Bitcoin’s price fluctuated significantly, peaking at $88,474 before dropping below $82,500 later in the week. This week, Bitcoin’s price volatility reflects investor concerns over inflation and trade wars, as optimism met reality in the crypto market. Bitcoin’s Price Fluctuations Reflect Market Sentiment Throughout the week, Bitcoin demonstrated its characteristic price swings, ultimately responding to a mix of macroeconomic signals. Following reports from the U.S. Commerce Department that the core Personal Consumption Expenditures Price Index (PCE) rose by 0.4% in February—the most significant increase in over a year—investor confidence shook. As sell-offs occurred amidst fears of persistent inflation, Bitcoin’s value retraced almost 2% when Friday arrived, settling at approximately $82,480. Investor Behavior in Bitcoin ETFs Interestingly, despite the broader market turbulence, American Bitcoin exchange-traded funds (ETFs) recorded daily inflows from Monday through Thursday, totaling about $196.4 million by week’s end. This uptick suggests that while investors remain cautious, there is an interest in accumulating Bitcoin as its price reflects a nearly 24% decline from its January all-time highs. Many market participants view this as a strategic buying opportunity after instinctive responses to price volatility. GameStop’s Move into Cryptocurrency GameStop, a prominent player in meme stock trading, made headlines again by announcing its intention to diversify its portfolio into cryptocurrencies, including Bitcoin. In a move characteristic of its audacious past, the company updated its Investment Policy to include the acquisition of Bitcoin on its balance sheet. Following this announcement, GameStop plans to raise around $1.3 billion through debt issuance to support this strategic shift. However, the news led to skepticism among…

---

Filed under: News - @ March 29, 2025 3:17 pm