#Do you think the fall of Bitcoin from ATH is a normal retracement?#

BIS Says Inflation Will Keep Rising (And Bitcoin Too)
The Bank for International Settlements suggests that persistent inflation would lead to tighter monetary policy for longer
Key Facts:
Rising prices are an obstacle to addressing the "last mile" of inflation.
While fiat money "is broken," bitcoin is rising.
The Bank for International Settlements (BIS) suggests that inflation, which is already persistent, will remain high, especially in labor. In a new report, the financial institution notes that "the potential slowdown in disinflation could cause monetary policy to remain tighter for longer."
Inflation, driven by the high cost of services, is likely to remain high this year and could prompt central banks to delay interest rate cuts.
It refers to the fact that the service sector is increasingly labour-intensive; and, therefore, more expensive.
So, with wages influencing the prices of services, these will also rise even more. And as a result, the "potential slowdown in disinflation could lead to monetary policy remaining tighter for longer," the report adds.
Source: CryptoNews