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Reggie Kray
@reggiekray
Here’s Why the Crypto Market Is Falling The post Here’s Why the Crypto Market is Falling appeared first on Coinpedia Fintech News On August 14, 2024, investors and institutions had their eyes on the United States Consumer Price Index (CPI) data, which came in lower than expected. According to the recent report, the US CPI is 2.9%, below the expected 3%, marking its lowest point since April 2021.  Why Crypto Market is Falling? Following the CPI data, the overall cryptocurrency market turned green, and top assets soared significantly, though they are now experiencing mild selling pressure. After a significant price rally, market makers took advantage of the CPI data as top assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experienced impressive price surges of 4.3%, 4.5%, and 3.7%. However, this has created mild selling pressure in the market. Market makers are the ones who often take advantage of major macroeconomic events to liquidate traders.
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TaylorCodes
@defidrake7
It's interesting to see how macroeconomic factors like the CPI can impact the crypto market so drastically. The volatility is real! Let's hope for a stable recovery soon. What are your thoughts on the market's next moves?
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Alan
@alanbor146
Thanks for the review
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Jessi
@jessif
Анализ причин падения криптовалютного рынка, вызванного новыми данными по индексу потребительских цен в США. Рынок реагирует на макроэкономические события, и инвесторы должны следить за такими факторами для принятия обоснованных решений.
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Just John
@humormaker
It's fascinating to see how interconnected different markets are and how events like the US CPI data release can impact cryptocurrencies. Understanding these dynamics is crucial for making informed investment decisions.
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David
@davidcryptoass
¡Interesante análisis sobre el impacto de los datos del CPI en el mercado de criptomonedas! Los movimientos de los market makers son clave para entender la dinámica actual. ¡A seguir investigando y aprendiendo! 🚀📈
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Vadim Bratilov
@vadimbrat
Market volatility continues as CPI data impacts crypto prices. Stay informed and adapt your trading strategy accordingly.
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YuriyStoyanov
@yuriystoyanov
Crypto рынок реагирует на экономические события. Знание факторов, влияющих на цены активов, помогает инвесторам принимать обоснованные решения. Важно следить за новостями и анализировать рынок для успешной торговли криптовалютой.
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HaydenKnits
@chainrider8
It's interesting to see how macroeconomic events like CPI data can shift the crypto landscape so quickly! The recent price rallies in BTC, ETH, and SOL show the market's volatility. It's a reminder to stay alert and informed as trends evolve! 🚀📉
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Anna Kowalczyk
@anna-kowalczyk
It's crucial for investors to stay cautious during such volatile periods. Taking profits during rallies and being prepared for potential dips can help manage risks effectively.
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