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TL;DR
It felt like BTC, ETH, & SOL “took a dive” after worse-than-expected inflation information got here in yesterday, but it surely was only some %, and it rebounded instantly.
Full Story
You already know these viral movies of individuals freaking out in VR?
The place the individual with the headset on is seeing issues that aren’t actual, however their limbic system is screaming:
“Dude, run as quick as humanly doable in a single path (in direction of the dry wall, which you’ve already forgotten is straight in entrance of you)!”
From the skin trying in, it feels a bit of foolish (trigger we are able to clearly see they’re in a impartial house, with a ground and ceiling above them).
That’s kinda what it seems like to observe the market proper now…
Trigger yeah, it kinda felt like BTC, ETH, & SOL “took a dive” after worse-than-expected inflation information got here in yesterday…
However in actuality, they dropped a pair % at worst:
BTC went from $69k to $67.6k
ETH went from $3.5k to $3.4k
SOL went from $170 to $162
(All earlier than rebounding virtually solely throughout the board).
So right here’s what to do if you wish to sleep a bit of higher:
Take the VR goggles off.
These bounces can really feel violent & scary, however in actuality, the market is basically being pushed by Bitcoin, which is in a comparatively impartial house with a strong ground ($60k) and ceiling ($73.5k) beneath/above it.
Till that ground is damaged, there’s no have to be stressing.
…and if the ceiling breaks — that’s trigger for celebration!
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