HIGH ALERT 🔥🚨
BREAKING NEWS 🚨Inflation Back With a Bang PPI 6.3% Hits Bitcoin -1% vs Strategy -9%
Big Inflation Shock + Oil Action
US inflation is back hot. PPI jumped to *6.3%*, the biggest monthly rise since March 2023. Diesel prices alone jumped *21%*.
Because energy prices are rising fast, IEA decided to release 20M barrels from strategic reserves to cool down the market.
What about markets?
Bitcoin held strong only down -1%. Showing resilience while others fell.
Strategy fell -9% tech and AI related stocks got hit hard.
AI Credit Spreads blew out means risk in AI lending market is increasing, investors are worried.
Volatility is up +18%. This is a risk off moment but Bitcoin is acting stronger than stocks.
Simple take
High inflation = Fed may keep rates high = pressure on stocks. Bitcoin is holding better than expected.
BREAKING NEWS 🚨Inflation Back With a Bang PPI 6.3% Hits Bitcoin -1% vs Strategy -9%
Big Inflation Shock + Oil Action
US inflation is back hot. PPI jumped to *6.3%*, the biggest monthly rise since March 2023. Diesel prices alone jumped *21%*.
Because energy prices are rising fast, IEA decided to release 20M barrels from strategic reserves to cool down the market.
What about markets?
Bitcoin held strong only down -1%. Showing resilience while others fell.
Strategy fell -9% tech and AI related stocks got hit hard.
AI Credit Spreads blew out means risk in AI lending market is increasing, investors are worried.
Volatility is up +18%. This is a risk off moment but Bitcoin is acting stronger than stocks.
Simple take
High inflation = Fed may keep rates high = pressure on stocks. Bitcoin is holding better than expected.