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Reasons for the Collective Decline in the Cryptocurrency Market
US January PPI exceeds expectations, easing rate cut expectations again
US January PPI year-on-year 2.9%, month-on-month 0.5%, both higher than expected, with core PPI rebounding significantly.
This reinforces inflation resilience, making a rate cut in March basically impossible, and expectations for June have also changed.
Market reaction: the US dollar and US Treasury yields rebound, while gold and US stocks come under pressure. $BTC $ETH #当前行情抄底还是观望？