Instead, bitcoin did the reverse on Thursday, recovering from an early stumble to regain its now-familiar perch over $19,000. The largest cryptocurrency by market capitalization, which was recently up more than 2% and trading above $19,600, has been occupying a narrow band between $19,000 and $21,000 for much of the past month, hamstrung by concerns about untamable inflation and the rising prospect of a harsh recession.
Source: https://www.coindesk.com/markets/2022/10/14/first-mover-asia-crypto-trading-firm-amber-ceo-argues-bitcoin-can-still-be-an-inflation-hedge-cryptos-surprising-rebound/?utm_medium=referral&utm_source=rss&utm_campaign=headlines