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US Inflation and Its Potential Impact on the Crypto Market /
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2024-05-30 22:03:29

US Inflation and Its Potential Impact on the Crypto Market on Nostr: Cryptocurrencies React to Negative Trend Ahead of US Inflation Data =============== ...

Cryptocurrencies React to Negative Trend Ahead of US Inflation Data
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#d419151c ver:0.16

#Cryptocurrencies react to negative trend ahead of US inflation data, causing losses exceeding 5% for high market value altcoins. #Bitcoin remains stable at $67,000, but cautious optimism prevails. Uncertainty looms due to upcoming inflation data, unemployment claims, and US growth data. Despite this, long-term investors show signs of recovery. Meme coins lead the decline, but expert believes inflation won't end the bull market. Mixed signals from CPI and employment report create uncertainty for the Fed, with a soft landing being the main scenario. Asset prices expected to move significantly based on data....

#newstr #Cryptocurrencies #Bitcoin #Altcoins #UsInflationData #MarketVolatility

https://here.news/story/d419151c?ver=0.16
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