Inflation in the US Under Control or Not & Effect on Crypto
Market sentiment
We are still in a market with so much noise, turbulence, and volatility that it is hard to keep a positive vibe. The FED has decided not to spike again the interest level in the US.
Maybe is good news but the sentiment in the market has made the contrary!
We are still in the red and Bitcoin just goes below the 25k range!
It is hard to know what we need to do exactly. Do you think the bull market will show a sign?
Not yet, unfortunately!
In the meantime, it is a good time to keep going no matter what the price tells us.
CPI in the US
One thing I learned a lot in the last couple of months is the macroeconomy events that affect us. I listen to around 15 to 20 hours of podcasts every week.
A good way to stay up to date with no need for reading. I expand my knowledge in an area that interests me like finance, crypto, stocks, etc...
Now the CPI (consumer price index) is an indicator for measuring the inflation rate. Now in the US is now at 4%, and we can clearly see that inflation has diminished since its peak one year ago.
We are not yet on the target at 2%, the level they say is normal.
Stay positive in this market
I know it is hard to keep positive in the current market. You check your assets in the blood without seeing making progress.
You want to give up!
But you need to keep going for your future. The government will not help you when you will get older, and nothing is guaranteed in this world.
It is better to have control of your assets and destiny and never depend on any government.
You need to develop a positive attitude to make your brain help you in your quest to be financially free. I know is difficult, but small steps in the right direction each day make a tremendous difference after months and years.
My simple formula is to never, never, give up!
Good days will come after adversity and hardship along the way.
What next for the crypto market?
It is hard to decipher and know what might happen next. Something I am convinced crypto will thrive and succeed.
The market is still young and we are barely at a 1 trillion market cap!
Good days are in front of us!
The next halving of Bitcoin will be next year and might be the trigger for the next bull run. We don't know if this will make the whole crypto ecosystem shine, but I believe it might help.
The resume
CPI is now at 4%, and we are not yet at the level of 2% which is normal. We might expect more increases until the end of the year, but we have a minor break with the current rate in the US for now.
Crypto is in the red today but we need to stay positive and keep the focus for the long-term.
Have a wonder and blossom day!
PS: It is only my opinion. I am not a financial advisor and always do your own research.
Excellent information
https://twitter.com/LovingGirlHive/status/1669601073508810752