💥Inflation can’t be contained anymore! PPI has exploded again—can BTC, ETH, and SOL still be bought?

Something new is happening in the U.S.😅
Just after CPI was said to be terrifyingly high, this time PPI (the costs of manufacturers when buying supplies and producing) also blew up—up 6%, and hitting the biggest increase in nearly two years.

Why is it rising? Oil! Oil! Oil!
Energy prices have surged another 7.8% in a month, freight and warehousing fees have also jumped 5%, and even the service industry has started raising prices.
Put simply: manufacturers’ costs are higher, and in the end, consumers like us have to foot the bill.

So what impact does this have on the crypto market?

The dollar is worth more, and interest rates can’t be brought down. The market now thinks that this year, not only will there be no rate cuts, but there might even be rate hikes by the end of the year.
U.S. Treasury yields have surged to 4.49%, and money is flowing into the bond market—so who’s still going to play with crypto?

· BTC: Short term, it’s going to get hammered; with more risk-off sentiment, the “big cake” is likely to fall along. First, see whether it can hold the previous lows.
· ETH: It’s not doing great either, but the ecosystem is still running—meaning there will be less money for new projects, so don’t rush in.
· SOL: The most volatile—rallies hard and drops even harder. Fasten your seat belt.

One-sentence summary:
The inflation monster hasn’t been kept under control, so the Federal Reserve can only tighten further. The crypto market still has to endure for a bit in the short term—don’t go all-in, don’t lose your head, and wait until the winds die down before talking.
$BTC ‌