Does anyone know why cryptocurrencies drop so suddenly? I'm new to this, I was doing very well the day before yesterday and yesterday. Why would it drop so suddenly?
The U.S. CPI! Shakes the Crypto Market! Crypto-traders, get ready for volatility! 🎢 The Consumer Price Index (CPI) report of the U.S. is about to be released, and it could change the game. Overall inflation is expected to drop to 2.9%, but will it be enough to calm the Federal Reserve? Why does it matter? 🤔 If inflation drops more than expected, the Fed could bring forward rate cuts, weakening the dollar and giving a boost to risk assets like Bitcoin and altcoins. 🚀 But if inflation remains high, the Fed might maintain its tough stance, strengthening the dollar and hurting cryptos. 📉 Additionally, Trump’s trade policies add uncertainty. Tariffs could reignite inflation, further complicating the Fed's decisions. Watch out for these scenarios: Low CPI: Bullish for cryptos! 🚀 High CPI: Bearish for cryptos! 🐻 In summary, the CPI report is a key catalyst for the crypto market. Stay informed and trade cautiously! 🧐 #CryptoCPIWatch
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