Only one risk is predicted, the entire Crypto market will adjust today! Will this risk come true?

BTC recorded 4 consecutive days closing in the red, and at the same time, on the weekly frame, there also appeared 4 consecutive decreasing candles since the first week of April. Altcoins were also greatly affected by the decline of BTC.

The main factor for the market correction today is the weaker-than-expected US GDP growth rate combined with rising inflation, suggesting a risk of "Stagflation". This scenario is often bad for risky assets like crypto.

Stagflation is a phenomenon in which the economy stagnates while inflation is high. The stagflation environment will reduce the likelihood of the Federal Reserve (Fed) cutting interest rates early in 2024.

Once the FED maintains high interest rates, the price momentum for the Crypto industry will be significantly reduced. At the same time, this tight monetary policy is not an ideal condition for increasing the prices of risky investment assets.

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