🚨 *BREAKING: US Inflation is UP!*
Bad news for the market. US inflation has risen to *3.7%*, which is higher than what everyone expected.
*What does this mean in simple words?*
The things we buy are getting more expensive again. The government wanted inflation to go down, but it went up.
*Why is this bad for Bitcoin and Crypto?*
When inflation is high, the US Federal Reserve (Fed) will NOT cut interest rates. Higher rates = People sell risky assets like Bitcoin and Crypto.
So for now, expect:
- Bitcoin and Crypto may go down
- US Dollar will get stronger
- Market will be fearful
It was a *HOT CPI* - Exactly what the market was afraid of.
#CPIWatch #BTC #ETH
Bad news for the market. US inflation has risen to *3.7%*, which is higher than what everyone expected.
*What does this mean in simple words?*
The things we buy are getting more expensive again. The government wanted inflation to go down, but it went up.
*Why is this bad for Bitcoin and Crypto?*
When inflation is high, the US Federal Reserve (Fed) will NOT cut interest rates. Higher rates = People sell risky assets like Bitcoin and Crypto.
So for now, expect:
- Bitcoin and Crypto may go down
- US Dollar will get stronger
- Market will be fearful
It was a *HOT CPI* - Exactly what the market was afraid of.
#CPIWatch #BTC #ETH