Eurozone September CPI month-on-month initial reading: 0.6%, higher than the expected 0.5%, and up from the prior 0.40%. Inflation is accelerating. This data may lead the ECB to continue its hawkish stance; a tighter monetary policy environment is not exactly good news for risk assets. This wave of $BTC is likely to face pressure, and market risk appetite may decline. If inflation keeps staying high and safe-haven sentiment heats up, capital may flow into steadier assets. In my personal view, in the short term, the crypto market may not be very optimistic—especially those high-volatility altcoins.

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