Simple Correction or End Game? US Inflation Shakes Bitcoin and Risk Assets.
Price update for major assets.
A wave of panic swept through the markets last week. The cause? Higher-than-expected US inflation figures reignited concerns that the Federal Reserve may be compelled to maintain a restrictive monetary policy. The reaction was immediate for the most risk-sensitive assets: Bitcoin has tumbled by 10% since its last peak on August 14.
So, is this shake-up just a pause in a larger bullish trend, or the beginning of a deeper reversal? Should investors give in to fear and rush towards safe-haven assets like gold? Here’s a full breakdown of the technical situation across the major assets.
Is Your Bitcoin Safe? A 7-Point Security Checklist.
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