THE ENCRYPTION MARKET IS ON THE RISE TODAY, AND CPI DATA REDUCES INTEREST-RAISING CONCERNS

ACCORDING TO MARKET DATA ANALYSIS, TODAY THERE HAS BEEN AN INCREASE IN THE ENCRYPTED MARKET, MAINLY DUE TO LOWER-THAN-EXPECTED CPI DATA THAT EASED INTEREST-RATE CONCERNS, THE RAPID RE-PRICING OF THE MARKET TO THE EXPECTATIONS OF THE FEDERAL RESERVE, AND THE ACCELERATION OF THIS TREND BY ABOUT $56 MILLION IN EMPTY CLEARING. IN ADDITION, SUPPORT WAS FURTHER PROVIDED BY THE INFLOW OF ETF FUNDS AND IMPROVED MACRO SENTIMENT. THE MARKET ANALYST POINTED OUT THAT IT WAS STILL TO BE SEEN WHETHER IT WAS JUST A SHORT-TERM SQUEEZE OR THE START OF A LARGER REBOUND。