Ualifi Araújo
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Bullish
My Thoughts on the Data...
1. Core CPI (Monthly):
Current: 0.2%
Projection: 0.3%
A result below the projection is positive for #BTC and #altcoin , as it indicates a slowdown in inflation. This reduces the likelihood of the FED raising interest rates aggressively, which favors the Market.
2. CPI (Monthly):
Current: 0.4%
Projection: 0.4%
In line with the projection. Does not generate surprises for the market, maintaining the stable scenario.
3. US CPI (Annual):
Current: 2.9%
Projection: 2.9%
Also in line with expectations. Although neutral, the stability in annual inflation suggests control, which is also favorable for the Market.
Summary of thoughts;
Inflation data (especially the lower-than-expected core CPI) is positive for cryptocurrencies because it indicates an economic environment with lower inflationary pressures, which reduces the risk of restrictive monetary policies. This could boost the appetite for crypto in general.
These were good numbers here and it goes along with what I've been saying since last week:
Things should improve SIGNIFICANTLY in the next 2 weeks.
Note that most of the good altcoins in the AI sector are already almost recovering 100%, it will probably be the fastest sector in the coming months. ✊🏻💛🚀
1. Core CPI (Monthly):
Current: 0.2%
Projection: 0.3%
A result below the projection is positive for #BTC and #altcoin , as it indicates a slowdown in inflation. This reduces the likelihood of the FED raising interest rates aggressively, which favors the Market.
2. CPI (Monthly):
Current: 0.4%
Projection: 0.4%
In line with the projection. Does not generate surprises for the market, maintaining the stable scenario.
3. US CPI (Annual):
Current: 2.9%
Projection: 2.9%
Also in line with expectations. Although neutral, the stability in annual inflation suggests control, which is also favorable for the Market.
Summary of thoughts;
Inflation data (especially the lower-than-expected core CPI) is positive for cryptocurrencies because it indicates an economic environment with lower inflationary pressures, which reduces the risk of restrictive monetary policies. This could boost the appetite for crypto in general.
These were good numbers here and it goes along with what I've been saying since last week:
Things should improve SIGNIFICANTLY in the next 2 weeks.
Note that most of the good altcoins in the AI sector are already almost recovering 100%, it will probably be the fastest sector in the coming months. ✊🏻💛🚀
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