#MarketTurbulence This week something amazing happened: $1 billion was wiped out in a matter of hours. And it was all because the American Producer Price Index, PPI, rose slightly more than expected. You heard that right. It wasn't an explosion at a mining farm, a ban on bitcoin in some country, or even a tweet from Elon Musk. It was just a number in a report, and traders lost their minds.

Bitcoin even managed to drop below $112,000, although not long ago we were told that 'it would never go below a hundred thousand.' Sure, of course. And we were also told that coffee wouldn't get more expensive if wages at Starbucks were raised.

And so, while bitcoin was trying to remember who it is - an asset of the future or just a trendy alternative to gold, Ethereum ETFs received a sudden gift in the form of a $729 million inflow. Institutions are like: 'Oh, panic? Great, let's buy!'

Why is this important? Because cryptocurrency, once touted as independent from the system, now reacts to macroeconomic news faster than the bond market. We live in a world where bitcoin fears inflation, and Ethereum rejoices when everyone is anxious.