BIG WARNING: US INFLATION IS GETTING OUT OF CONTROL
Just now, US PPI and core PPI data were released, and it shocked everyone.
US PPI jumped to 6%, its highest level in 3.5 years.
US Core PPI jumped to 5.3%, its highest level in 3.5 years.
Yesterday, CPI and Core CPI data were released, and both of them came in higher than expected.
This has started to look like 2021 now, when inflation started running rampant in Q4.
And guess what happened next?
The Fed stopped QE and started rate hikes and QT, which crashed both the stock and crypto markets.
This time, the Fed isn't doing QE like in 2021, so they just have one option left.
Do rate hikes, as the US-Iran situation is still escalating and energy prices are going through the roof.
This doesn't necessarily mean a crash tomorrow, but 2026 looks shaky for the global economy now.
@AvonandsomerRob WW2 was won because America developed the nuclear bomb first nothing to do with India lol you need to study and re evaluate it had nothing to do with race but your making it out to be again
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Altseason -
Left: BTC Dominance - Inverted Chart, printing gigantic bart pattern on weekly time frame.
Right: Actual BTC dominance chart
Best case for Altseason = #BTC Dominance getting rejected at 48-49 and dumps, once BTC starts to pump while dominance goes down, altcoins will explode.
If dominance breaks out, BTC will most likely follow with a pump. In that case alts will suffer.
For better understanding watch picture two.