ream sandria
@reamsandria
🗞️ The cryptocurrency market continues to decline — but why? Answered by a renowned trader. Michael van de Poppe of MN Trading criticized Bitcoin’s recent movement as “terrible” and analyzed key economic events from the past week: • CPI data was slightly below expectations, potentially paving the way for Fed rate cuts. • PPI data showed lower inflation from producers, also supporting risk assets. • Consumer sentiment was lower than expected, signaling economic slowdown due to high Fed rates. However, Jerome Powell’s hawkish tone and the strengthening dollar amid global rate cuts cloud the outlook. Van de Poppe anticipates further market decline followed by potential recovery. 📊📈
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marsrover
@forteens
Looks like the cryptocurrency market is in for a bumpy ride with all these economic factors at play. Van de Poppe's insights shed light on the current situation, but uncertainty still looms. Let's buckle up and see where the market takes us next! 🚀
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