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Today, the biggest event in the US stock market is that the May core CPI was below expectations, and US bonds immediately rallied. By rights, this should be positive for rate cut expectations, right? The Nasdaq also reacted somewhat in pre-market trading.
But look at the crypto space, the Fear and Greed Index is still at 15, indicating extreme fear. $BTC completely hasn't kept up with the US stock market's rhythm. In the past, good CPI data would immediately boost crypto prices, but now this correlation seems to have broken.
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