Crypto and stock futures are falling as inflation concerns grow. Annual PPI exceeded expectations, while the monthly increase matched forecasts.
BTC is near $77,000, down 3.17%. ETH is down 3.32%, while ZEC has dropped 5.26% below $1,200 in this snapshot.
My read: inflation pressure is hurting risk appetite, with ZEC taking a heavier hit than BTC and ETH. A lower price alone doesn’t confirm a buying opportunity. Watch for prices to stabilize and buyers to return before calling a recovery.
#USA...
Guys... $ZEC once again squeezing inside a tight range around $1,200-$1,290 😁
And when price gets compressed like this... next move usually doesn't stay small.
Either ZEC clears that $1,290-$1,300 area and we get another push towards $1,350+... or $1,200 breaks and we probably see a deeper pullback around $1,120-$1,150.
For now?? i still think this range is building for another bounce 💪🏻
And timing is interesting too...
CLARITY Act has another important Senate procedural vote coming Sept...