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⛔️ Breaking News: The Reason Why $BTC & the Whole Crypto Market is Dropping ⛔️

⚠️ We just saw a drop in the Market after 1 week of greens, the drop was expected as urgent news comes to place ⚠️

🎭Only 4 Cuts in 2024!!!🎭

Well guys the main reason for the sudden decrease in the crypto prices in general which is just happening is that US inflation hits 3.1%, higher than expectations🔥

⬇️ The Result of that is as follows ⬇️

💥 Markets Reassessing Expectations:

Following higher inflation data (3.1%), prediction markets have adjusted their interest rate expectations for 2024.

Markets now anticipate only 4 interest rate cuts, compared to 6 just a month ago.

This aligns with the Federal Reserve's guidance, which projected 3 rate cuts this year.

💥 Lower Chances of Rate Cuts:

The probability of a March rate cut is below 10%.

Chances of a May rate cut are also declining.

💥 Factors Affecting Rate Expectations:

Inflation data: Higher inflation might lead the central bank to tighten monetary policy.

Economic growth data: Weak economic growth could prompt the central bank to lower rates to stimulate the economy.

Future expectations: Investors' outlook on the economy's trajectory affects rate expectations.

🟢 Note:

These expectations can change with evolving economic conditions.

It's crucial to follow economic data and central bank guidance for the latest predictions.

🟢 Summary:

High inflation data led to a reevaluation of 2024 interest rate expectations.

Markets now expect only 4 rate cuts, down from 6 a month ago.

This aligns with the Federal Reserve's guidance.

Following economic data and central bank guidance is crucial for the latest predictions.

⚠️ Only time will tell what will happen to the market today but expect a bit of Volatility ⚠️

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