Another working week has come to an end. It was memorable for the unexpected data on consumer inflation in the US — 3.2% (3.1% was forecast). The Triple witching day was not far behind, as the event added to market volatility.
🔴 The cryptocurrency market began a sharp decline at the end of the week. If digital assets close this month in the green zone, it will be the 7th consecutive month of growth, which has never happened before in history. The crypto market capitalization lost 1.1% last week. Short-term holders began to record significant profits. There were serious liquidations — $595 million in longs.
🔴 The stock market is also in the red zone. The S&P 500 fell by 0.2% and the Nasdaq by 1.1%. Investors fear another wave of inflation. The market is pricing in the possibility that the Fed will not start cutting rates this year, but will raise them.
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