Bitcoin and gold have diverged in recent months, with Bitcoin prices falling while gold prices have surged. Traders are on high alert following warnings from the CEO of Bank of America about risks in the cryptocurrency market, anticipating higher-than-expected inflation data this week, which could trigger warnings of "unprecedented stagflation." Economists at Barclays and Morgan Stanley have reportedly revised their forecasts for the December U.S. Personal Consumption Expenditures (PCE) price index, to be released on Thursday, to 2.8% and 2.9% respectively. This data could reignite concerns about so-called "stagflation"—weak economic growth coupled with soaring prices. (Forbes)