Crypto has pulled back again as higher-than-expected US inflation raised concerns that the Fed could keep interest rates high for longer.
This also pressured tech stocks, while $BTC and other cryptocurrencies came under selling pressure. Nearly $850M in crypto positions were liquidated, mostly longs, adding to the decline.
The market had shown a small recovery, but uncertainty around inflation and interest rates remains. The Fear & Greed Index stands at 51, indicating neutral sentiment.
$ETH #Macro Insights#
This also pressured tech stocks, while $BTC and other cryptocurrencies came under selling pressure. Nearly $850M in crypto positions were liquidated, mostly longs, adding to the decline.
The market had shown a small recovery, but uncertainty around inflation and interest rates remains. The Fear & Greed Index stands at 51, indicating neutral sentiment.
$ETH #Macro Insights#