Could extraordinarily high inflation numbers lead to a slaughter on the cryptom market this June?

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  • Tomorrow update of US inflation numbers could lead the crypto and stock markets to a downward spiral in June.
  • The fud around the inflation report may have already been included in the market, but only if the increase is less than 9 percent.

After a short March rally, the cryptoma market is now again in the process of extinguishing its profits. In the past two days, over $ 170 billion has been destroyed from the market. Bitcoin (BTC) rose to $ 48,000 in 2022, but is now traded at $ 40,000. BTC also lost 5.5 percent last day and pulled the rest of the market down.

according to several reports and knowledge, the worst is still imminent. With the increase in inflation rates, investors' willingness to take risks has decreased, which marks the migration to risk fire -fighting systems. In addition, the Fed has other quantitative tightening plans to reduce market liquidity through interest rate increases.

The cryptoma markets are prepared for a slaughterer according to the inflation report

Arthur Hayes, CEO from Bitmex, awaits great bleeding on the cryptoma market this June. As CNF reported, he expects the Nasdaq 100 to fall to 10,000 and among them this month. Subsequently, Bitcoin and Ether will fall to $ 30,000 or $ 2,500 by the end of June 2022. Here Hayes leads the increased correlation between Bitcoin and the stock market.

Regardless of this, the on-chain data provider reports Santiment on growing fud on the cryptom market, especially on Ethereum. The resulting Baisse, it is said, will probably offer some purchase opportunities:

in #kryptoc circles a lot #bearishness is circulating because the market capitalization continues to decrease after incredible March. In particular, #ethereum experienced a lot of #fud before its price rally, and #Buythedip opportunities can arise.

The "Putin price increase"

In addition, the invasion of Russia in Ukraine had adverse effects on energy and food markets. The result, according to the secretary of the White House, Jen Psaki reported on Monday there are "extraordinarily increased" inflation numbers.

We assume that the VPI-Virgin Inflation will be extremely high in March due to Putin's price increase. We expect a big difference between the core and overall inflation, which reflects the global disorders on the energy and food markets.

The market is currently expecting an increase in inflation numbers by 8.4 percent, the highest in four decades. However, there is the possibility that this number could be higher, which triggers an extensive tantrum on both the stock and cryptoma markets. Market analyst Lark Davis Twitterte:

bad inflation data of tomorrow could already be priced in after the warning of the White House if it is only 8.5 percent. But if it is a little over 9 percent, we will probably move down because it is worse than the market expects. In my opinion.

The contribution could lead to an extraordinarily high number of inflation this June to a slaughter on the cryptom market? First appeared on Crypto News Flash.

Source: Crypto-news-flash.com