#MarketTurbulence

An amazing event happened this week: a billion dollars disappeared within hours. All of this due to the US Producer Price Index (PPI) rising a bit more than expected. You heard that right. It wasn't an explosion at a mining platform, or a government ban on Bitcoin, or even a tweet from Elon Musk. A number was just released, and traders lost their minds.

Even the price of Bitcoin dropped below $112,000, despite being recently told that it 'would not drop below $100,000.' Well, yes, of course. We were also told that coffee prices wouldn't rise if Starbucks employees' wages were increased.

And while Bitcoin was trying to remember whether it is a future asset or just a trendy alternative to gold, Ethereum exchange-traded funds received a surprise gift of $729 million in inflows. Institutions were saying, 'Oh my God, are we panicking? Great, let's buy!'

Why is this important? Because cryptocurrencies, which were previously promoted as system-independent, are now reacting to macroeconomic news faster than the bond market. We live in a world where Bitcoin fears inflation, while Ethereum rejoices when everyone is anxious.

And here is the main question:

Is this the end of the love story of cryptocurrencies or the beginning of a new game?