Higher CPI Inflation Forces Markets To Reprice – Bitcoin Magazine

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Below is an excerpt from a recent issue of Bitcoin Pro Magazine, Bitcoin Magazine of Premium market newsletter. To be among the first to get these insights and other online bitcoin market analysis straight to your inbox, follow now.

Inflation is not over yet

Despite the general consensus and sentiment on this month’s good inflation news, a higher-than-expected US August consumer price index (CPI) derailed any short-term upside momentum. for risky assets under construction in the last week. As a result, stocks, bitcoin and credit yields exploded with some volatility today. The S&P 500 index closed down 4.3% with bitcoin following after a 10% gain plus a downside move. Last this happens for stocks as of June 2020.

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