Now the whole cryptocurrency circle is good for a while and bad for a while. Everyone is panicking. But have you ever thought that the current bull market in the cryptocurrency circle is over!!!
Many people are shouting that good news is coming, but in fact, it is because they have already boarded the train and still have illusions about the bull market, but from a macroeconomic perspective, it is currently in the early stages of a bear market.
After the announcement of the PPI in April, the prices of $BTC and other altcoins plummeted. There will be the upcoming CPI, and a series of speeches by Fed bosses such as Powell. In addition, Trump has expressed the hope that the Fed will not cut interest rates before the presidential election in November.
From the perspective of inflation, as long as the strategic goals of the United States are not achieved, interest rate cuts will not occur. CPI is simply a manipulation tool. In the current high interest rate environment of 5.25%, crypto assets such as Bitcoin $ETH may continue to be attracted by interest rates and weakened. The big bull that everyone expects is going away! Unless there is a real interest rate cut!
If the Fed does not cut interest rates in September, it will be the darkest moment in the cryptocurrency world! Before that, you can pay attention to @Gravity
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