Crypto Bloodbath: Bitcoin & Ethereum Tumble as PPI Shock Crushes Rate Cut Dreams
Strap in, hodlers—the macro gods just threw cold water on the crypto rally.
Inflation's revenge: January's hotter-than-expected PPI print sent shockwaves through risk assets, with BTC and ETH leading the plunge. Turns out the Fed might not ride to the rescue with those juicy rate cuts after all.
Liquidity limbo: Traders yanked bids faster than a DeFi exploit as the 'higher for longer' narrative resurfaced. Classic case of Wall Street overpromising and underdelivering—who could've seen that coming?
Silver lining playbook: While leverage gets flushed, long-term bulls see this as healthy consolidation. 'Buy when there's blood in the streets'... even if that blood is your own unrealized gains.
Memo to crypto markets: Next time maybe don't price in six rate cuts before breakfast. The Fed moves at the speed of bureaucracy—with all the excitement of a yield curve inversion.
