🔥📊 Macro data shakes the crypto market
The July PPI index came in strong and generated sharp movements in traditional markets and in crypto. Inflation and production costs are key because:
They impact the Fed's monetary policy 🏛️
They directly influence the appetite for risk assets 📉➡️📈
They can accelerate or slow down the influx of capital into the blockchain ecosystem 💰
In the midst of this #HotJulyPPI, many crypto projects show resilience, while investors seek refuge in high-performance networks and real utility. 🌐⚡
👉 Do you think this data is a sign of opportunity or caution?