Today, the South Korean stock market continued to plummet with a flash crash of 7%. US stocks like SanDisk, Micron, SK Hynix, and other semiconductor stocks kept falling. Bitcoin flash crashed to around 61k yesterday and then bounced back to around 63k, oscillating with a volatility of about 3%.


Can Bitcoin hold its ground and carve out its own trend? Let's break down a few recent factors:
1. Inflation spike
Yesterday, the inflation rate spiked up to as high as 2%, and US stocks also fell in tandem. However, the Fed chair is relatively hawkish, responding today that rates won't be cut just because of this.
Originally, the positive news pushed Bitcoin up, but today it was pulled down a bit by the US stock market.
SNDK3.10%
BTC-0.39%
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chichipipi
· 07-07 06:13
Firmly HODL💎 Firmly HODL💎 Firmly HODL💎 Firmly HODL💎
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招财锦宝
· 07-07 06:13
Firmly HODL💎 Firmly HODL💎 Firmly HODL💎 Firmly HODL💎
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