🚨 ¡$BTC y $ETH UNSTOPPABLES! 🚀 ¡LOW INFLATION AND REDUCED TARIFFS IN THE U.S.-CHINA IGNITE THE CRYPTO FUSE! 🤯💸
📢 ¡#bitcoin (#BTC ) and #Ethereum (#ETH ) have shown impressive strength, approaching $109,000 and surpassing $2,800 respectively, after lower inflation data was reported in the U.S. and the reduction of tariffs between the U.S. and China! 📉 This double whammy of good macroeconomic news is boosting optimism in the cryptocurrency market, despite the overall economic uncertainty and the Federal Reserve's expectations.
Although the traditional stock market (S&P 500) showed a mixed reaction to the trade agreement, the crypto market seems to be "decoupling," seeking higher returns. The U.S. Dollar Index (DXY) fell to a seven-week low, signaling that investors are looking for alternatives to fiat currency, which benefits cryptocurrencies. The persistent concern about the U.S. government debt and the possibility that the Federal Reserve will keep rates high for longer (now with a 73% chance of being at 3.75% or higher by December) make risk assets like cryptocurrencies attractive to traders seeking liquidity from central banks.
🤔 Do you think this "decoupling" from the traditional market is a clear sign that cryptocurrencies are consolidating as a mature asset class and a safe haven?
