Crypto market under macroeconomic pressure: Bitcoin and Ethereum lose ground 📉
The latest U.S. inflation data (CPI) came in “hotter” than forecast, largely due to rising energy prices. This triggered a sharp decline in the crypto market:
-Bitcoin fell below the psychological $81,000 mark.
-Ethereum dropped to $2,360.
Why is this happening?
Accelerating inflation gives the U.S. Federal Reserve more leeway to raise interest rates further. In such conditions, investors traditionally take profits and shift capital from risky assets (which include cryptocurrencies) into safe-haven instruments.
Tensions are mounting in the market. What do you think—is this a local correction before another surge, or the start of a prolonged decline? Share your thoughts in the comments! 👇
The latest U.S. inflation data (CPI) came in “hotter” than forecast, largely due to rising energy prices. This triggered a sharp decline in the crypto market:
-Bitcoin fell below the psychological $81,000 mark.
-Ethereum dropped to $2,360.
Why is this happening?
Accelerating inflation gives the U.S. Federal Reserve more leeway to raise interest rates further. In such conditions, investors traditionally take profits and shift capital from risky assets (which include cryptocurrencies) into safe-haven instruments.
Tensions are mounting in the market. What do you think—is this a local correction before another surge, or the start of a prolonged decline? Share your thoughts in the comments! 👇