The BLS releases the PPI, Bitcoin drops 4.

12 May 2023, 07:55
šŸ’ø The BLS releases the PPI, Bitcoin drops 4.39% šŸ—ž The producer price index, a measure of prices for final demand goods and services, increased 0.2%, against the Dow Jones estimate for 0.3%. According to many economists, together with similar signals from the CPI the day prior, the odds were on for interest rates to stop rising in June. šŸ“‰ This is positive macro news for the crypto market. However, Bitcoin continued to underperform, falling below $27,000. Bitcoin is trading at $26,325, a drop of 4.39% in the last 24 hours and 9.66% in the last seven days. The remaining altcoins in the top 10 also fell by 1-4%. The total market capitalization is now $1.01 trillion, a 3.21% decrease in the last 24 hours. šŸ’¬ Is this an opportunity for investors to accumulate to prepare for a new pump? What are investors' current thoughts on the market? Please share your thoughts with the ONUS community!

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12 May 2023, 07:56
šŸ’ø The BLS releases the PPI, Bitcoin drops 4.39% šŸ—ž The producer price index, a measure of prices for final demand goods and services, increased 0.2%, against the Dow Jones estimate for 0.3%. According to many economists, together with similar signals from the CPI the day prior, the odds were on for interest rates to stop rising in June. šŸ“‰ This is positive macro news for the crypto market. However, Bitcoin continued to underperform, falling below $27,000. Bitcoin is trading at $26,325, a drop of 4.39% in the last 24 hours and 9.66% in the last seven days. The remaining altcoins in the top 10 also fell by 1-4%. The total market capitalization is now $1.01 trillion, a 3.21% decrease in the last 24 hours. šŸ’¬ Is this an opportunity for investors to accumulate to prepare for a new pump? What are investors' current thoughts on the market? Please share your thoughts with the ONUS community!
The BLS releases the PPI, Bitcoin drops 4.
šŸ’ø The BLS releases the PPI, Bitcoin drops 4.39% šŸ—ž The producer price index, a measure of prices for final demand goods and services, increased 0.2%, against the Dow Jones estimate for 0.3%. According to many economists, together with similar signals from the CPI the day prior, the odds were on for interest rates to stop rising in June. šŸ“‰ This is positive macro news for the crypto market. However, Bitcoin continued to underperform, falling below $27,000. Bitcoin is trading at $26,325, a drop of 4.39% in the last 24 hours and 9.66% in the last seven days. The remaining altcoins in the top 10 also fell by 1-4%. The total market capitalization is now $1.01 trillion, a 3.21% decrease in the last 24 hours. šŸ’¬ Is this an opportunity for investors to accumulate to prepare for a new pump? What are investors' current thoughts on the market? Please share your thoughts with the ONUS community!