One number explains most of the $BTC pain this quarter: 4.1%.
That is the PCE inflation reading for May, a 3-year high. Hot inflation keeps the Fed hawkish, the dollar firm, and pressure on every risk asset, crypto included.
This is a macro story, not a crypto-broken story. The fix is the data cooling.
Watch inflation, not just the candles.
That is the PCE inflation reading for May, a 3-year high. Hot inflation keeps the Fed hawkish, the dollar firm, and pressure on every risk asset, crypto included.
This is a macro story, not a crypto-broken story. The fix is the data cooling.
Watch inflation, not just the candles.