*THIS IS NOT FINANCIAL ADVICE! DO YOUR OWN RESEARCH!!!*

Inflation has finally stalled and might be coming back down. Gas prices have fallen dramatically after several months of price increases. After the United States government started to pull back on some of it's recent gas taxes and strains on the oil and gas sector, the price started to come back down. The Federal Reserve's quantitative tightening might be also be helping to curtail the hike of inflation in recent months. Seeing inflation come back down is a great thing to see, whether that is the average consumer trying to purchase food, or the average crypto trader. 

Thanks to the lowering of the inflation rate from 9.1% to 8.5%, the stock market and the crypto market had very green days. 

Bitcoin is up 6% so far today. It also surpassed the $24,000 mark. The recent bullish trend might mean that the bottom might be in for this crypto winter. However, this month is only the first month that the inflation rate has come back down. We will need to see multiple months in a row of falling inflation for us to really know if the the bottom is in or not. Another spike in inflation could see Bitcoin and the rest of the crypto market fall. 

There are still global situations that could also cause Bitcoin to fall, like a crypto ban in countries like India. However, as we saw with the banning of crypto in China, the market might fall, but it will return. With the crypto onboarding of Blackrock, the world's largest asset manager. It is unlikely that a ban of cryptocurrency will happen in the United States any time soon. Too much money, powerful institutions, and powerful people are invested into it. However, that could change if the International Monetary Fund decides that cryptocurrency is a threat to their power and bans it globally.  

With the fall of the CPI to 8.5% there is a hope of a hot crypto summer and potential new all time highs for many cryptos in the near future. Stay safe, stay informed, and make that money.