💀"Crypto Market Faces the Wrath of Economic Data"🚨
The crypto market this week feels like it has been hit by the angel of inflation.
Just when it was thought to be calming down due to the Fed cutting interest rates, suddenly… the candle bowed in gratitude—downwards.
BTC fell, altcoins joined in singing the song “Innalillahi Candle-roji’un”.
All because of US economic data giving off a vibe of “still strong, bro”, while investors wanted “weak so we can print money again”.
So the market looks like someone who just got pranked.
Whales ran away, retail is confused, analysts are busy pretending to be calm.
What’s the funniest?
There are still those who say “this is just a healthy correction”.
Even though the chart looks like an EKG of a patient with acute stress.