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Inflation in the US increased to 3.8% in April.
This means the highest inflation level in the past three years.
The US has started to pay the price for being Israel’s pawn in the Iran war.
Inflation triggers tight monetary policy, and during periods of tight monetary policy, risky assets like cryptocurrencies do not see new capital inflows, so markets decline.
I hope they quickly realize that finding a solution in the US-Iran equation is a mistake and withdraw from this war; otherwise, primarily the US, then us crypto enthusiasts, and ultimately the entire world will pay very heavy economic prices.