1/6 Crypto Reverses as Inflation Diverges and Fed Holds Caution
Bitcoin briefly topped $120K in early August, while Ethereum rallied to $4.3K on institutional inflows. Momentum faded as CPI undershot forecasts but PPI surprised higher, sparking liquidations and pushing BTC back to ~$111K and ETH above $4K, though prices have slightly recovered.
twitter.com/RyzeLabs/status/19...
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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