CPI has risen back above 4%, dousing the market’s hopes for rate cuts.

Over the past period,
the reasons supporting U.S. stocks, gold, and BTC are:

Everyone believes the Federal Reserve will cut interest rates in the future.

But now CPI has returned to above 4%,

This means: inflation has not been fully brought under control.

So the timing of rate cuts may continue to be postponed,
and the market may even start to re-discuss:

Whether high interest rates will be maintained for the long term.

For the crypto market,

High interest rates mean dollar yields are more attractive.

Some funds will continue to stay in low-risk assets such as U.S. Treasuries and money market funds.

The difficulty for the crypto space to secure incremental capital will increase.
#我的Gate交易时刻