Crypto market observe dip despite CPI lower interest rate

Hello lovely people of Hive and Leofinance community. Hopefully you will be enjoying your life with good health and spirit. Friends, CPI data has been rolled out. According to CPI data, inflation rate drop down to 3.2% which was around 3.7% previously. Inflation rate is almost 0.1% lower than expected.

source

CPI down is a good news for investors as it will move money from fiat to crypto currency. But at the same time despite lower interest rate dip observed in market. Crypto market observed a little dip of 1.5% in last 24 hours. Amost $20 Bilion wiped out from the crypto market in last 24 hours.

CPI report is showing the bullish trend in market but interestingly market observed dip. There is no need to worry as this may be a bear trap. Just like bull trap bear trap exist to create panic in market. Market often moves in both ways after a big news.

Time to wait for a moment. One good news or event may help bullish run in market. What is your opinion my friends? Do you think that current market situation is a bearish trap?

This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.

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tahirmuneer last year

0.23 VYB

1 vote

biyimi last year

Well the dip has been for seen ahead and I believe we might still go more dipper before the year ends

0.41 VYB

typebox last year

Often, big news brings about varying responses in the market, and waiting for further developments or additional news before making significant moves might be a prudent strategy. Stay watchful, as sometimes a single positive catalyst can reignite a bullish trend.

0.45 VYB

junaidfazal last year

0.22 VYB

Thanks for sharing currently update with us. Have a nice day.

0.34 VYB

lovinggirl last year

0.24 VYB

lee1938 last year

#hive #posh

0.25 VYB

thetimetravelerz last year

looks like the market is digesting the good news. Let us see how things play out.

0.39 VYB

djbravo last year

Of course we are seeing its impact in the market now and the market has once again touched 35800 and moved above 37900 and the market is bullish due to interest rate cuts and we will see that it is only a matter of time. Later we will see at 42 thousand.

0.00 VYB